Shell, BP Among Energy Giants to Back Blockchain Trading Platform
Several major energy firms, including BP and Shell, are partnering on a new blockchain-based trading platform.
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform.
Last week, Frenching bank Societe Generale revealed that it has issued a security token-like bond on ethereum. But rather than using a private iteration, SocGen used the public blockchain.
Societe Generale has no plans to resell its $110 million ethereum bond, but future blockchain trials will involve external investors, an exec said.
Kleinwort Hambros, a Societe Generale-owned bank and wealth manager, has launched a Luxembourg-listed blockchain exchange-traded note.
A blockchain payments trial launched by JPMorgan, Australia's ANZ and the Royal Bank of Canada has just gained over 75 new banks as participants.