Using Blockchain To Record Asset-Backed Securities
Asset back #securities is ripe for #blockchain with just a few #banks active in the market and outdated #record-keeping on paper and Excel.
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Does it Matter if Cryptocurrencies Are Securities? (No)
EXCLUSIVE— While the debate over whether #cryptocurrencies are actually currencies, #securities, or somehow a mix of the two drags on, there’s another question crypto enthusiasts should ask: does it #matter? The question of whether to consider cryptos securities flared to life again last week, after former U.S. regulator Gary Gensler noted that in his mind, […]
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Cryptocurrencies Surge as Debate Over Digital Tokens, Securities Reignites
EXCLUSIVE— #Cryptocurrencies are experiencing one of their highest points in recent weeks, after remarks made by former financial regulator Gary Gensler brought back concerns that certain #tokens should really be considered #securities. The remarks point to a reoccurring #debate among #cryptocurrency aficionados about the nature of #digital currency, which is having its first positive movements […]
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Malaysia Securities Commission Cautions Investors on ICOs
#Malaysia’s #Securities #Commission joins the band of regulatory bodies cautioning people about the dangers of Initial Coin Offering schemes. On Thursday, the regulatory authority that oversees and enforces financial regulation in Malaysia stated: #Investors should also fully understand the features of an ICO scheme, and carefully weigh the risks before parting with their monies. For […]
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Distributed Ledger Technology For Swiss Financial Market From SIX Securities Services & Digital Asset
SIX Securities Services, the post-trade infrastructure operator for the #Swiss #financial sector, and Digital Asset Holdings, a developer of #distributed #ledger #technology for the financial #services industry, announced plans to develop a proof of concept that will demonstrate the commercial viability of distributed ledger technology across the Swiss financial #market, with an initial prototype for . The two firms will also develop a roadmap for future opportunities spanning the whole market infrastructure value chain.
SIX #Securities Services recognizes the potential of distributed ledger technology and after a competitive evaluation process has selected #Digital #Asset as the business and technology partner for the design of a solution for the Swiss market. The initial phase of the project will demonstrate the ability to build and incorporate distributed, encrypted, straight through processing tools into existing securities transaction flows, and propose a roadmap for extending this to a production-ready service.
The proof of concept will extend beyond the scope of the prototype, and Digital Asset will develop a product roadmap for future opportunities to include a wide range of applications that demonstrate how current, segregated processes could be streamlined and made more efficient for SIX Securities Services and post-trade ecosystem as a whole.
SIX Securities Services has already made significant strides in exploring distributed ledger technologies and currently has a prototype for Corporate Actions processing on display at Sibos, in Geneva #from 26-29 September, 2016.
According to Thomas Zeeb, Division CEO SIX Securities Services: «Distributed ledger technology and its potential role in post trading is key to our business. We need to understand it, and more importantly, its applicability and future flexibility in order to keep ahead of the game. Partnering with Digital Asset is a way to accelerate our own development plans and leverage their experience in this area.»
«Partnering with SIX brings this cutting edge technology another step closer to commercial reality,” said Blythe Masters, CEO of Digital Asset. “We believe this collaboration will provide exciting opportunities for SIX and its customers while reducing inefficiency, cost and risk in the financial services ecosystem.»
The post Distributed Ledger Technology For Swiss Financial Market From SIX Securities Services &038; Digital Asset appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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Overstock: Broker-Dealer Deal Will Open Blockchain Securities Floodgates
#Overstock subsidiary tØ signs its first broker-dealer, Keystone Capital, in its ongoing effort to build a #blockchain post-trade solution.
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EU Securities Watchdog: Distributed Ledgers Still Face Tech Challenges
ESMA has released a new paper on blockchains and #distributed #ledgers as part of a fact-finding effort into the #technology.
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SWIFT: Blockchain Won’t Remove All Third Parties in Securities Trade
The research arm of #SWIFT released a new report today which argues that #blockchain #won’t replace all #third #parties in #securities #trade.
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