CME, London Stock Exchange Form Blockchain Settlement Group
A group of banks, exchanges and clearing houses has formed a working body to discuss how blockchain technology might be used to settle transactions. Three meetings have taken place in the past few months between the CME Group, Euroclear, LCH. Clearnet, London Stock Exchange, Société Générale and UBS, according to a report from Financial News that cited sources with knowledge of the discussions. CME Group confirmed its participation to CoinDesk, but declined to comment further. Other alleged participants did not offer comment as of press time. The group is said to be operating under the....
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Several prominent exchanges, trading firms and banks have come together to set up a blockchain-based settlement group that could significantly transition the current securities market in the way of settling securities trades. A group comprising of the London Stock Exchange, UBS, the CME Group, Societe Generale, LCH. Clearnet and Euroclear have formed an initiative to look into the possibilities of bringing blockchain technology to securities trading. As reported by the Financial News, sources familiar with the group have confirmed three meetings that have already taken place in recent....
A number of companies have joined the Japan Exchange Group (JPX) To form a consortium that will develop a proof-of-concept blockchain solution for capital market infrastructure. Announced yesterday, the JPX revealed that the Tokyo Stock Exchange (TSE), the Osaka Exchange (OSE) and the Japan Securities Clearing Corporation (JSCC) will help form a blockchain consortium compromising of Japanese financial institutions to test the blockchain prototype. The endeavor to explore blockchain technology for capital market infrastructure began with an internal research group in late 2015, which....
UBS has donated the code for a blockchain-based trading platform to a nonprofit group funding research into a cure for HIV/AIDS. The HEAL Alliance, a nonprofit group focused on supporting HIV research, plans to use UBS's code as part of a platform being developed by London-based financial tech startup Finclusion Systems, with the goal being to ultimately raise money using the technology. The UBS Innovation Lab is one of the backers of the initiative alongside Microsoft, Intel, and the University of California San Francisco Gladstone Institute of Virology and Immunology Center for AIDS....
Japan Exchange Group, operator of the Tokyo Stock Exchange will begin experimenting with blockchain technology for post-trade solutions such as clearing and settlement of trades. The operator will team up with IBM Japan for the project. The operator of Asia’s largest stock exchange is joining IBM Japan to run blockchain tests for clearing, settlement, and other operations. According to a report by Nikkei Asian Review, the proof-of-concept testing will commence next month in March. Currently, the Japan Exchange Group’s record-keeping platform stores trading data on a centralized server. The....
Decentral and Ethereum Canada have just announced the world’s largest blockchain trade show will be hosted in Toronto, September 19-21. The three-day event will be sponsored by TMX Group, whose divisions include the Toronto Stock Exchange and the Montreal Exchange within its vast portfolio. The Blockchain World Expo will be a multi-faceted conference....