Bitcoin Derivative Platform Announces Back-Office Blockchain Project

Bitcoin Derivative Platform Announces Back-Office Blockchain Project

A bitcoin derivative trading company has announced that it is working on a "secret" back-office blockchain project. Magnr, known to offer Bitcoin saving accounts with a fixed interest rate, has launched "Project Kodo" with the hope of resolving the inefficient backend processes in financial assets trading, the IBTimes reported. The company has also appointed a new Chief Executive Officer (CEO), Colin Kwan, to oversee the said project. A former employee at Deutsche Bank and UBS, Kwan's involvement into the Project Kodo is hopeful to bring a lot of technological and banking expertise to the....


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