Is Blockchain Ready for Fiat? Why Banks See Big Promise in Crypto Cash
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 global custody bank's tech and product teams are keen to transform securities lending into a peer-to-peer market, but not all are on board.
Credit Suisse and ING say they have successful sent securities worth €25 million ($30 million) over a system built with R3's Corda.
A Credit Suisse subsidiary has completed a blockchain trial for fund transactions, concluding the tech offers "considerable benefits."
Credit Suisse CEO Tidjane Thiam has said that bitcoin is in a bubble, and interest in the cryptocurrency will soon wane.
A former executive for Credit Suisse is preparing to launch an initial coin offering (ICO) for a new ethereum-based startup.