Foreign Exchange
CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.
British FX Firm Currencies Direct Pilots Ripple Tech
May 29, 2018
Foreign exchange brokerage Currencies Direct successfully completed several international transfers using Ripple's xRapid product.
Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange transactions.
Thyssenkrupp successfully conducted a foreign exchange transaction using R3's Corda blockchain in partnership with Germany's Commerzebank.