Nasdaq to Introduce Blockchain Technology to Estonian Settling and Clearing Business
It is no secret that Nasdaq is keeping a close eye on the evolution of blockchain technology. The value of this innovative technology extends far beyond the financial realm, although most of the innovations over the next few years will take place in this sector. But Nasdaq isn’t an entity to come up with a half-devised plan, and they are preparing to....
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Nasdaq, a global provider of trading, clearing, exchange technology, listing, information and public company services, will launch a harmonized framework to provide solutions including blockchain to providers of financial infrastructures. Nasdaq will make its Nasdaq Financial Framework available to its 100-plus operator clients worldwide, which include exchanges, clearing houses, central securities depositories, alternative trading venues and interbroker dealers. Nasdaq has integrated the framework across all of its business units. The framework includes a single operational core tying....
Estonia’s e-Residency platform will facilitate a blockchain-based e-voting service enabling shareholders of companies listed on Nasdaq’s Tallinn Stock Exchange to vote in shareholder meetings, according to Nasdaq and the Republic of Estonia. The Nasdaq’s Tallinn Stock Exchange is Estonia’s only regulated securities market, according to Nasdaq. The e-Residency platform is an electronic identity system that Estonian residents and those with business interests in Estonia use to access government services. The program marks Nasdaq’s second official blockchain project after delivering the first....
E-voting has emerged as an area with many applications, including shareholder voting, according to a Nasdaq report by Richard DeMarinis, principal software engineer at Nasdaq’s enterprise architecture and Heidi Uustalu, head of Nasdaq Tallinn issuer services, and Frederik Voss, head of Nasdaq blockchain strategy. Nasdaq announced interest in 2016 in a new e-voting platform using blockchain technology on its Tallinn exchange in Estonia. The project leveraged digital ID solutions used by the government to provide ID cards to foreigners through the country’s e-Residency program. The Nasdaq’s....
Joining the Paxos Settlement Service could allow many Bank of America customers to settle stock trades in minutes rather than days. The second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades.According to a Bloomberg report on Monday, Bank of America has joined Paxos Settlement Service, a platform capable of same-day settlement of stock trades using blockchain technology. Kevin McCarthy, head of financing and clearing, said the bank “has been conducting internal transactions for the past few months” and would offer the service to....
Nasdaq has just announced the implementation of its blockchain based proxy integration in Estonia. In October last year, NewsBTC author Nikhil Gupta reported on a keynote speech given by the Nasdaq Chief Executive Bob Greifeld at the Financial News Awards for Excellence in Trading and Technology, Europe 2015, in London. As part of the speech, Greifeld addressed the potential of the blockchain and its implications for financial technology. Specifically, he commented on two things – one, that before the close of 2015 blockchain based transactions would see clearing time reduced to less than....