Banks

Ever growing number of banks, financial institutions and organizations choose to adopt blockchain – disrupting tech which presents broad, multi-case application possibilities.

In this category you will find the latest news covering blockchain technology  adoption in financial sector and major developments taking place in the sphere.

First Shariah-compliant Bond Worth $500M Settled on Blockchain by Abu Dhabi Bank
November 27th, 2018

Abu Dhabi-based Al Hilal Bank has conducted the first-ever blockchain-based transaction for an Islamic bond called Sukuk worth $500 million.

European Commission Launches New Blockchain Association, Major Banks Already on Board
November 23rd, 2018

Neither the European Union doesn’t want to miss the blockchain train. For this purpose, the EC convened representatives from public institutions and the private sector in a conference entitled ‘Uniting EU Industries to lead blockchain technologies.’ BBVA was one of the EU enterprises invited to take part in this debate forum on blockchain technology.

SWIFT India Shakes Hands with FinTech Provider MonetaGo for a Blockchain Banking Solution
November 23rd, 2018

The partnership is aimed at developing a pilot program that will benefit all Indian banks, allowing them to improve the efficiency and security of their products and procedures.

Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain
November 14th, 2018

A group of oil industry giants including Shell and BP are launching a blockchain platform to facilitate post-trade processes.

Australia Set to Make Money ‘Smart’ Using Blockchain
November 13th, 2018

The Commonwealth Scientific and Industrial Research Organization’s (CSIRO) Data61 division and Commonwealth Bank of Australia (CBA) have announced that they have successfully trialed a new type of blockchain-powered smart money.

Singapore MAS and SGX Unveil Blockchain-powered Token Assets Settlements System
November 13th, 2018

The system leverages the power of smart contracts also allowing for simultaneous asset swapping along with the corresponding payment.

Top Global Banking Institutions Pledge Support to DTCC Blockchain
November 8th, 2018

DTCC’s cloud-based platform will join hands with several other organization to implement its blockchain-based credit derivatives services.

Morgan Stanley Report: Cryptocurrency Popularity is Growing as Institutional Investment
November 1st, 2018

The report says that a growing number of institutional players from the global financial space are moving towards investing in Bitcoin and the overall cryptocurrency market.

JP Morgan’s Quorum Blockchain to be Used to ‘Tokenize’ Gold Bars
October 31st, 2018

JPMorgan Chase Bank’s Quorum blockchain is to be deployed for tokenizing gold bars to ensure direct trade between entities.

Samsung SDS and ABN AMRO Bring Two Different Blockchains Together for an Ambitious Pilot
October 22nd, 2018

Samsung SDS and ABN AMRO in collaboration with the Port of Rotterdam Authority are working on launching a container logistics blockchain pilot.