The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

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Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

Fintech Finance

OCTOBER 30, 2024

This real-world proof-of-concept proves that Fnality can be used to make bilateral margin payments using the £FnPS, and marks the first instance of a fully regulated Distributed Ledger Technology (DLT)-based payment system being used to settle margin for the purposes of real-world inter-bank derivative exposures.

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Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments 96

Finextra

SEPTEMBER 24, 2024

21X – which will be the first Distribution Ledger Technology (DLT) exchange for European Securities Market Authority (ESMA)-regulated trading and settlement of tokenized securities - and Apex Group - the global provider of financial services – today announced a ground-breaking strategic partnership that will allow Apex Group’s customers to list tokenized (..)

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Distributed Ledger Technology (DLT) Settlement Authorization Regulations 52

CB Insights

OCTOBER 29, 2020

But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo. One such company is Paxos, which offers custody, payment, and clearing & settlement services. First name.

Real Time Gross Settlement (RTGS) 101

Real Time Gross Settlement (RTGS) Blockchain Distributed Ledger Technology (DLT) Money Laundering 101

CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees.

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Real Time Gross Settlement (RTGS) Blockchain Distributed Ledger Technology (DLT) Money Laundering 98

PYMNTS

NOVEMBER 19, 2020

As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail. Volante Explores the Real-Time B2B Value Prop.

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B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

PYMNTS

JANUARY 30, 2019

The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”

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SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

PYMNTS

NOVEMBER 26, 2019

Last month , SAP announced it was teaming up with professional services firm Accenture and blockchain company R3 to develop a distributed ledger technology (DLT) solution that aims to accelerate the settlement of payments between banks and customers.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Blockchain 60

CB Insights

SEPTEMBER 7, 2021

For example, Paxos (over $500M in total funding) offers a crypto asset custodial service, brokerage, exchange, and equities settlement for institutions. As of August 2021, 5 different companies in this category raised funding rounds of at least $300M this year: Paxos, BlockFi, Blockchain.com , Fireblocks , and Ledger.

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Blockchain NFTs Distributed Ledger Technology (DLT) Multi-Currency 101

PYMNTS

OCTOBER 25, 2019

Enterprise software firm SAP is teaming up with professional services firm Accenture and blockchain company R3 to develop a distributed ledger technology (DLT) solution that aims to accelerate the settlement of payments between banks and customers. A press release issued on Thursday (Oct. ”

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Real Time Gross Settlement (RTGS) Settlement Distributed Ledger Technology (DLT) Blockchain 40

PYMNTS

NOVEMBER 25, 2020

To that end, a Bank for International Settlements ( BIS ) study concludes that “embedded regulation” might offer a solution for stablecoins, defined as cryptocurrencies with values tied to fiat currencies or other assets.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

PYMNTS

NOVEMBER 2, 2020

Their research will begin with a proof-of-concept for a CBDC operated on distributed ledger technology (DLT) to test the proposed coins’ use cases in payment settlements, the release stated.

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CBDC Distributed Ledger Technology (DLT) Visa AML 64

PYMNTS

OCTOBER 12, 2016

That close attention means through a working group specifically focused on payments and settlements and on a research-oriented approach related to other market applications. Separately, the World Federation of Exchanges has called for the creation of regulatory sandbox environments for distributed ledger technology (DLT).

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Blockchain Regulations Distributed Ledger Technology (DLT) Fed 77

PYMNTS

JANUARY 30, 2019

The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”

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SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

Clearly Payments

AUGUST 29, 2024

Wholesale CBDCs could enhance the efficiency of the financial system by reducing settlement times and lowering costs. The BoC has engaged in several initiatives, including Project Jasper, which examines how distributed ledger technology (DLT) could be integrated into the country’s payment systems.

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Central Bank Digital Currency CBDC Cross-Border Payments 105

The Fintech Times

JANUARY 24, 2024

As regulations evolve to meet this demand, firms like R3 , the distributed ledger technology (DLT) and services provider, are looking to make adoption as seamless as possible. Digital assets and digital currencies continue to grow in popularity and demand.

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Distributed Ledger Technology (DLT) Product Digital Currency Interoperability 64

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). In a press release on Tuesday (Sept.

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Distributed Ledger Technology (DLT) Stablecoins Cross-Border Cross-Border Payments 49

PYMNTS

JULY 31, 2019

Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-border payment process. Canadian payments network Interac is also investing in blockchain and DLT solutions. payment systems will have to become more international in scope.

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Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

The Fintech Times

JUNE 6, 2024

Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The platform now invites further international participation and private sector proposals for value-added solutions.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

PYMNTS

JUNE 8, 2020

The firms are operating using distributed ledger technology (DLT), which has been growing — in 2018, the number of firms using it sat at only 27 percent by comparison. Trade finance settlement makes up 9 percent. Coinbase is looking to sell Coinbase Analytics, its blockchain analytics software, to the U.S.

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IRS Distributed Ledger Technology (DLT) Blockchain Cryptocurrency 52

PYMNTS

JULY 24, 2018

A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). The BoE’s Real-Time Gross Settlement (RTGS) system handles transactions worth about 500 billion pounds — almost one-third of Britain’s annual economic output.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Cross-Border Payments 40

PYMNTS

SEPTEMBER 18, 2019

To that end, the Bank for International Settlements (BIS) said in a paper titled “Embedded supervision: how to build regulation into blockchain finance” that distributed ledger technology (DLT) could be a part of bank infrastructure and could be used to automate supervision.

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Distributed Ledger Technology (DLT) Blockchain Central Bank Void 43

PYMNTS

DECEMBER 13, 2019

The SNB and the Bank for International Settlements (BIS) are said to be exploring the widespread use of digital central bank currencies. Beau wants to use distributed ledger technology (DLT), and France is mulling a central bank digital currency.

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Digital Currency Central Bank Distributed Ledger Technology (DLT) Money Laundering 40

Fintech News

JANUARY 30, 2024

Prototypes and proofs of concept are being developed for payment systems based on distributed ledger technology (DLT). These tokens are intended to facilitate a range of applications, including domestic and cross-border payments, trading and settlement processes, as well as serving as cash collateral.

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Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 117

PYMNTS

JUNE 20, 2019

Carney also noted in published remarks , according to Coindesk , that consortia “propose to issue digital tokens that are fully backed by central bank money, allowing instant settlement.” ” He noted that projects with distributed ledger technology (DLT) could unlock “billions of pounds in capital and liquidity.”.

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Distributed Ledger Technology (DLT) Regulations Non-Bank Money Laundering 46

PYMNTS

AUGUST 23, 2019

Federal Reserve recently revealed plans to build its own instant clearing and settlement rails. In her view, financial institutions are indeed coming together to share common compliance concerns, and in doing so, are working openly to create innovative solutions and put the pieces together. In the domestic payments space, the U.S.

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Real Time Payments Compliance SWIFT ISO 20022 77

PYMNTS

AUGUST 2, 2018

Reports came this week that the much-touted distributed ledger technology (DLT) may be less savior for all manner of problems across the business landscape than thought. Also with an eye on blockchain, and on FX and settlement, CLS has said it is in the end stages of testing blockchain payments for banks.

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Blockchain Distributed Ledger Technology (DLT) Cross-Border Settlement 44

CB Insights

FEBRUARY 22, 2018

Banks have also been experimenting with blockchain as a way to expedite back office functions and settlement, which some in the industry say could cut up to $20B in middleman costs. THE UNITED NATIONS EXPLORES DLTS AND BLOCKCHAINS FOR HUMANITARIAN AID AND CLIMATE SCIENCE. TEPCO INVESTED AND PARTNERED WITH ELECTRON.

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Blockchain Distributed Ledger Technology (DLT) Cryptocurrency Legal 78

PYMNTS

JULY 30, 2018

IBM and CLS, a market infrastructure group delivering settlement, processing and data solutions, announced on Monday (July 30) a collaboration on a proof of concept (PoC) for LedgerConnect, a distributed ledger technology (DLT) platform for the financial services industry.

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Distributed Ledger Technology (DLT) Blockchain Value Added Service Reconciliation 40

PYMNTS

JUNE 13, 2018

While banks have been investigating and investing in distributed ledger technology (DLT) the team at Ripple does not believe that DLTs are likely to make an appearance any time soon when it comes to processing cross-border payments. Issues around scalability and privacy are still too pointed. “I

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Distributed Ledger Technology (DLT) Transactions Cross-Border Blockchain 53

The Fintech Times

DECEMBER 21, 2023

In 2023, Abu Dhabi Global Market (ADGM) introduced the Distributed Ledger Technology (DLT) Foundations Regulations. Similarly, in Africa, the African Continental Free Trade Agreement (AfCFTA) has paved the way for the Pan-African Payment and Settlement System (PAPSS), anticipated to commence operations in early 2024.

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FinTech Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 64

PYMNTS

OCTOBER 1, 2018

When it comes to supply chains, proponents say blockchain — specifically, distributed ledger technology (DLT) — holds promise. G-Coin, Davis said, can handle thousands of concurrent transactions with finality of settlement, and with trades done 24/7 and in real time.

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Blockchain Distributed Ledger Technology (DLT) Cross-Border Wire Transfer 73

PYMNTS

NOVEMBER 3, 2020

By looping into existing rails, OpenPayd's technology can support instant settlement for businesses operating in multiple parts of the world. In the latest show of support for distributed ledger technology, J.P. Smaller FIs Drive Real-Time Demand. Chase Creates New Blockchain Unit.

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Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

Fintech News

OCTOBER 28, 2024

The shortlisted teams, comprising fintech firms and solution providers from regions including Australia, India, the United States, and Kenya, have presented proposals utilising technologies like Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) to enhance financial well-being and resilience in today’s evolving economic landscape.

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FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 114

PYMNTS

AUGUST 1, 2018

In another example ASX, an Australian a stock exchange, has pushed back its plans for a blockchain clearing and settlement service to 2021, as compared to a rollout that, two years ago, was expected to be done in 18 months.

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Blockchain Blocks Distributed Ledger Technology (DLT) Use Case 40

PYMNTS

DECEMBER 9, 2019

Esser highlighted three key areas with major opportunities for improvement in the credit union market, with CULedger finding blockchain a promising technology to address them. Third is the exchange of value — which includes payments, Esser noted, but also incorporates other concepts of value like settlement, or even member loyalty.

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Credit Union Cross-Border Distributed Ledger Technology (DLT) Electronic Funds Transfer (EFT) 54

The Fintech Times

MAY 16, 2024

Tassat, the private permissioned blockchain-based B2B real-time settlement platform, has announced a partnership with Glasstower Digital, a fintech facilitating cross-border B2B remittances. Contactless payments are expanding in Japan, with the acceptance rate among small and medium-sized businesses, known as SMEs, around 60 per cent.

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FinTech Distributed Ledger Technology (DLT) Embedded Finance Cross-Border 64