Blockchain finance firm Clearmatics has closed a $12-million Series A funding round led by Route 66 Ventures.
Blockchain tech provider R3 tried to take over one of the most well-known bank blockchain projects this June. The only problem? It didn't work.
In a first for interoperability, Axoni and Clearmatics have shown how a derivative contract written on one blockchain can be settled on another.
Both new and founding members of the Utility Settlement Coin project think its work could lead central banks to adopt blockchain-based fiat currency.
The secretive firm behind the Utility Settlement Coin project has told CoinDesk of plans to roll-out new open-source offerings.
A new digital currency built for central banks is designed to make it easier for more people to use two powerful tools: real-time settling and cash.