Jill Carlson, Meltem Demirors Back $3.3M Round for Non-Custodial Settlement Protocol Arwen
The funding will help the Boston-based Arwen expand its non-custodial settlement system, potentially to institutional players.
The bank has signed on to a blockchain-based trade finance network from Contour with the aim of bringing corporate settlements into the digital realm.
The trial seeks a faster, more transparent clearing system and involves some of the country's largest banks.
The JPMorgan subsidiary has agreed to repay most of $2.5 million it took in credit card fees for cryptocurrency purchases.
First Digital Trust has won backing from Taiwan-based Nogle for its upcoming Asia-focused crypto settlement solution for institutions.
The new settlement layer is intended save Asian institutional traders from taking the "scenic route" via U.S. banking regulations.