Former State Street Blockchain Lead Launches Post-Trade Startup
State Street’s former blockchain lead for Europe and the Middle East has launched a new startup focused on using blockchain technology to “redesign” the securities services industry. Called RISE Financial Technologies, the startup is seeking to provide distributed ledger technology that provides data integrity and immutability to financial trades in a way that is in harmony with existing bank processes. Advisors for the project include former Chairman of the European Banking Federation (EBF) Ruud Sleenhoff. Led by CEO Thorsten Peisl, RISE is said to be actively testing its solutions with....
Related News
On Thursday, the Boston-based financial services and bank holding company State Street Corporation announced the launch of a division dedicated to cryptocurrencies, the digital economy, and decentralized finance (defi). State Street Invokes New Division Dedicated to Crypto, Blockchain, and Defi The financial services company State Street (NYSE: STT) offers a wide array of products like Investment management, securities lending, stock trading, and custodial banking services. In Q3 2020, data shows that State Street has around $3.15 trillion assets under management (AUM). On June 10, the....
The digital assets post-trade collaboration also involves Citi, State Street, UBS and others.
State Street is working on a new blockchain project aimed at cataloging transactions tied to investment assets. The Boston-based investment services firm is partnering with California-based blockchain startup PeerNova on the project. The prototype being developed will track funds used in investment transactions. The firm suggested in statements that the trial could ultimately lead to a future product line focused on the tracking of assets using the technology. Hu Liang, senior vice president for State Street’s Emerging Technology Center, said of the project: "Together, we are....
Lukka is looking to go mainstream with a strategic investment from three stalwarts of traditional finance.
The founder and head of Philips Blockchain Lab is leaving the healthcare giant effective 1st August for new opportunities in the blockchain sector. Arno Laeven, who led a 12-person internal team which investigated how blockchain tech could be applied to healthcare, said he will be departing for "new adventures" in the industry, but declined additional comment. Laeven was formerly global IT innovation lead, before founding the Philips Blockchain Lab in January. Laeven will be succeeded by Patrick van Beers, senior director of digital platform solutions at Philips Research. The....