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OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. By utilising blockchain technology, the exchange of cash and securities becomes near-instantaneous, a significant improvement over traditional repo markets where the process can take at least one business day.
OCBC Bank has partnered with the Land Transport Authority of Singapore (LTA) to pilot a new blockchain payments solution for construction projects. This blockchain-based conditional payment solution will improve the governance and transparency of utilisation of the mobilisation advance payments that LTA extends to its contractors.
Standard Chartered and Ant International have successfully completed their first Singapore dollar (SGD) transaction using the latter’s blockchain-based Whale platform. Featured image credit: Edited from Freepik The post Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement appeared first on Fintech Singapore.
W Chain , a top hybrid blockchain platform for global payments, has announced its partnership with NeurochainAI, a leader in decentralized AI development. The partnership will leverage the combined strength of both the companies to transform the global payment system by deploying amalgamation of AI and blockchain technologies.
Lastly, the podcast crew turned to the topic of blockchain as the UK digital assets industry has called for blockchain to receive the same treatment as AI. The conversation started this week with Tom exploring real-time payments and where they fit into the financial education lifecycle.
Instead, the company is focusing on its wallet business and blockchain platform Base to drive blockchain adoption by enabling local developers to create solutions for baht and peso stablecoins. The company currently has no plans to directly enter Southeast Asian jurisdictions.
Imperial College London will host a workshop on 26 March 2025, exploring the influence of AI, blockchain and quantum computing on the financial services industry. ” The post Disruptive Tech in Finance – AI, Blockchain and Quantum Computing at the Heart of London Event appeared first on The Fintech Times.
Global asset manager and Swiss bank UBS has developed and successfully piloted a blockchain-based payment solution, aiming to increase efficiency and transparency, as well as enable the programmability of money movements for corporate and institutional clients.
The Land Transport Authority of Singapore (LTA) will now be able to disburse mobilisation advance payments to its main contractors with better transparency as a result of the multinational banking and financial services corporation, OCBC , integrating a blockchain-based conditional payments solution with its business banking platform.
Blockchain, heralded for its potential to transform industries, is currently undergoing a divergence from its original vision, marked by a prioritisation of speculative interests over core principles like scalability and decentralisation. The blockchain sector is notorious for overpromising and underdelivering.
The 12-week XDC Accelerator Programme invites startups to develop solutions using XDC Network’s advanced blockchain technology. Rebecah Dausen “The XDC Accelerator Programme with Tenity will empower startups to transform their blockchain ideas into impactful solutions.
“Blockchain payment adoption is growing because it offers an easy way to send and receive payments on a global scale,” Pair said. Swift, UBS, and Chainlink conclude blockchain pilot That’s a wrap! The new offering also puts the firm in a position to compete with other crypto payroll services such as BitWage.
Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based fraud detection platform focused on identifying scams before they impact victims. By integrating Alterya’s tools with the Chainalysis blockchain data platform, the partnership seeks to improve fraud detection across digital payment systems.
Through the launch, the DTCC aims to leverage blockchain technology to streamline the flow of collateral across siloed infrastructure, unlocking major capital and operational efficiencies. Heading The collateral management platform is an application on the DTCC AppChain, built atop LF Decentralized Trusts Besu blockchain.
In response, less intrusive alternatives like blockchain-based age verification are emerging. Before diving into the benefits of blockchain, it’s essential to understand the privacy and security issues associated with ID-based age verification. A key feature of blockchain-based age verification is zero-knowledge proofs (ZKP).
Nebraska’s Department of Banking and Finance has approved an application from blockchain-based financial service provider Telcoin to become the state’s first Digital Asset Depository Institution.
DBS Bank has introduced DBS Token Services, a suite of banking services that uses blockchain technology to offer faster and more efficient transactions for institutional clients. This blockchain service operates through DBS’s permissioned blockchain, ensuring full control while maintaining compliance.
WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses. The blockchain is perfect for diverse businesses and use cases, from small startups to large enterprises.
By integrating its mini-apps into the Soneium ecosystem, it aims to enhance user experience, bringing smoother, more scalable, and accessible blockchain interactions. The post LINE Integrates Four Mini-Apps Into Soneium Blockchain Ecosystem to Drive Web3 Adoption appeared first on The Fintech Times.
Bitbank , the crypto assets exchange, has officially launched Bitbank Ventures , a new investment firm focusing on projects within the crypto and blockchain space. Bitbank Ventures will consider investing in any blockchain -related projects, ranging from pre-seed to series A.
The National University of Singapore (NUS) has partnered with Northern Trust and UOB to launch a first-of-its-kind initiative that uses blockchain technology to track green bond credentials. NUS, the first university in Singapore to adopt blockchain for ESG reporting, issued its third green bond in 2023.
Deutsche Bank has joined the extended Series B funding round for blockchain-based fintech firm Partior , bringing the total raised to US$80 million and marking the close of the round. Morgan, Standard Chartered, and Temasek, Partior uses blockchain technology to enable real-time clearing and settlement.
StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has partnered with Ant International and superapp Grab to launch a new blockchain-based cross-border payment system. The new system uses Purpose Bound Money (PBM), which specifies the conditions for using stablecoins, and the Avalanche blockchain.
Blockchain data platform Chainalysis has acquired web3 security solutions provider Hexagate. The acquisition aligns with Chainalysis’ mission to build trust in blockchain ecosystems by integrating Hexagate’s machine learning-based threat detection and prevention technology, benefiting chains, protocols, and exchanges.
This collaboration integrates Elliptic’s blockchain analytics into Sumsub’s platform, providing clients with enhanced tools to screen cryptocurrency wallets, identify fraudulent activity, and assess risk in transactions. The need for such solutions is critical as blockchain-related crime continues to rise.
UBS Asset Management has launched its first tokenised investment fund, the “UBS USD Money Market Investment Fund Token” (uMINT), built on Ethereum’s blockchain. The launch is part of UBS ’ strategy to use blockchain for better fund issuance and distribution.
The integration with Nium Verify is powered by Liink, Kinexys’ blockchain-based platform. Liink, a blockchain-based platform developed by Kinexys, facilitates secure and private information exchange among global institutions, including banks, credit unions, fintechs, and digital banks.
Ripple , the blockchain and crypto solution provider, is partnering with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE. It also plans to provide financial, technical, and business support to developers.
Almond’s blockchain-driven Settlement Optimization Engine (SOE) addresses critical speed, transparency, and cost challenges in cross-border payments. Almond’s proprietary Settlement Optimization Engine (SOE) is transforming how the world thinks about cross-border payments through blockchain-driven protocols. Our SOE works the same way.
dtcpay already supports other popular blockchain networks such as Ethereum, Tron, and Polygon, and plans to expand its stablecoin offerings to include FDUSD and WUSD in the near future. Wallet: The dtcpay Wallet app allows users to securely store, transfer, and withdraw stablecoins and fiat currencies.
The pilot showed how financial institutions can leverage blockchain technology, the Chainlink platform and the Swift network to settle subscriptions and redemptions for tokenized investment fund vehicles, thereby allowing the straight-through-processing of the payment leg without the need for the global adoption of an on-chain form of payment.
Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery.
The platform supports an extensive range of cryptocurrencies and blockchain networks, significantly broadening the global reach of payments. KuCoin Pay represents a major milestone in driving the mainstream adoption of crypto and marks a pivotal step in KuCoin’s ongoing commitment to enriching the blockchain ecosystem.
Under the MoU, ADGM and Chainlink will foster a dialogue on regulatory matters in blockchain, AI, and other emerging technologies. Chainlinks services, including blockchain interoperability and verifiable data solutions, are facilitating liquidity across global markets, enabling over $19trillion in transaction value. Why Chainlink?
The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage.
Backed by institutions such as UBS, SIX Group, Julius Baer, Generali’s House of InsurTech Switzerland, and Ripple, which is also a strategic partner and Limited Partner, the fund seeks to foster the development of blockchain-based financial solutions.
Photo by Magda Ehlers The post MANSA Raises $10 Million for Blockchain-Based Payments appeared first on Finovate. These partnerships have resulted in MANSA processing $27 million in transaction volume, with nearly $11 million of that on-chain transaction volume occurring in January.
. “This partnership represents a landmark moment of connecting private payment network rails to tokenized assets on public blockchain networks. ” Mastercard’s MTN brings together a set of API-enabled, blockchain tools and standards to enable innovative business models under one platform.
Compared to traditional currencies, cryptocurrencies operate on decentralised networks, often powered by blockchain technology. Cryptocurrency is a digital currency form that uses cryptographic technology to secure transactions and control the creation of new units.
In an Insights Forum roundtable discussion led by Zühlke’s Chief of Blockchain, Stefan Grasmann, Zühlke highlighted the transformative roles of stablecoins, tokenised deposits, and both retail and wholesale CBDCs in shaping the digital money ecosystem. ” said Stefan Grasmann, Chief of Blockchain at Zühlke.
A collection of UK and global trade bodies has written to the prime minister's office calling on the government to capture what they claim will be the economic and societal benefits of a new wave of digital asset and blockchain technology.
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