Banks

A number of prominent companies participated in $32 million Series B funding round of Axoni, the software developer from New York.

Called bond-i, which stands for Blockchain Offered New Debt Instrument, the bond will become the first one to be managed completely with blockchain technology.

According to Union Bank of Switzerland (UBS), Bitcoin’s extreme volatility and instability put too much limitations on it to be considered as a mainstream asset class.

Issuance of the $300,000 land-backed loan becomes the first experience of the Agricultural Bank of China in issuing loans using blockchain.

Following “frustrating” process of receiving the final approval from Canada’s regulators, Novogratz’ cryptocurrency merchant bank Galaxy Digital gets listed on Toronto’s TSX Venture Exchange.

IBM, CLS, and nine financial institutions are testing a new platform which can make it easier for banks to access distributed ledger technology (DLT) solutions from fintech and software providers.

The Commonwealth Bank of Australia used the Ethereum blockchain platform for tracking an international shipment of almonds as part of its experiment.

The Bank of England is planning to modernize its Real-Time Gross Settlement system (RTGS) by 2020. The updated version will be compatible with blockchain-based financial technology forms.

The capital city of Jiangsu province, Nanjing has launched a $1.5 billion blockchain investment fund to boost the token economy and public blockchain projects in China.

Goldman Sachs is appointing a new CEO David Solomon, who will replace the incumbent chief executive Lloyd Blankfein in October. With the new CEO, the bank is expected to add more bitcoin and other crypto services to its portfolio.

Litecoin founder Charlie Lee provided some details about recent acquisition of Litecoin Foundation, and stated that he expects to receive a board position at the German WEG bank, which will positively influence further adoption of cryptocurrencies in the bank’s operations.

The Bank of Thailand aims to use blockchain technology to improve services like document authentication, cross-border payments and supply chain financing.

Malta-based Founders Bank is to become the first community-owned decentralized blockchain-friendly banking institution in the world’s history.