14 Banks, 5 Tokens: Fnality’s Expansive Vision for Interbank Blockchains

The Takeaway: With $63.2 million in fresh funding from 14 banks, Fnality is building tokenized versions of five major fiat currencies. The digitized fiat would be fully collateralized by cash held at central banks and is meant to solve the “cash on ledger” problem faced by other financial blockchain projects. The consortium says it is open […]

Barclays Leads $5.5 Million Round for Blockchain Business Payments Startup

Barclays Bank has backed a $5.5 million Series A funding round for blockchain-based B2B payments startup Crowdz. The round was jointly led by Barclays and investment firm Bold Capital Partners, Crowdz announced Tuesday, with TFX Capital Partners, Techstars Ventures and First Derivatives also participating. The investment will go toward product development, marketing and sales, as […]

Barclays and RBS Have Reduced the Real Estate Transaction Process Four Times: Who Benefits?

Recently, Barclays and the Royal Bank of Scotland (RBS), with the participation of enterprise software company R3, successfully tested a blockchain project that will speed up real estate transactions. Such a solution can provide transparent and fast operations for the end user, R3 officials say. However, is it already possible to talk about a breakthrough […]

Bitstamp to Expand US Operations by Hiring Former Coinbase Exec Hunter Merghart

European crypto exchange Bitstamp has appointed a former Coinbase executive as head of United States operations, Finance Magnates reports on May 8. Bitstamp, an entrant of the top 50 crypto trading platforms by daily trading volume, has hired Hunter Merghart in a move to expand its operations in the U.S., following the recent acquisition of […]

Fidelity Hires Barclays’ Former Head of Digital Assets

Financial services giant Fidelity Investments has hired a former head of digital assets project at investment bank Barclays. The new hire, Chris Tyrer, joined Fidelity at the end of April, according to his LinkedIn profile update. The profile, however, does not mention any further details on the role, except the mention of “Digital Assets.” Tyrer worked […]

Barclays, RBS Join 40-Strong R3 Blockchain Real Estate Trial

Two major United Kingdom banks — Barclays and Royal Bank of Scotland (RBS) — have joined a trial using blockchain to streamline real estate purchasing after rethinking the technology’s potential, Bloomberg reported on April 4. The trial, which involved a total of 40 participants, used a tool from Instant Property Network (IPN), a startup using […]

Barclays, RBS, R3 Cut Property Transaction Times in Blockchain Trial

Barclays, Royal Bank of Scotland (RBS), enterprise blockchain firm R3 and other participants have completed a blockchain trial that they say resulted in faster property transactions. The tech partner on the project, R3-affiliated Instant Property Network (IPN), announced Thursday that the trial used test data to carry out simulated property transactions over a distributed ledger system over […]

Barclays Analyst Predicts Billions in Additional Revenue From ‘Facebook Coin’ by 2021

Facebook’s own cryptocurrency, if launched, could potentially generate $19 billion in additional revenue by 2021, CNBC reports on March 11. Barclays internet analyst Ross Sandler wrote in a client note that a cryptocurrency could establish a new revenue stream for Facebook, aiding its share price that tanked amid a series of high-profile scandals last year. […]

Facebook’s “Crypto” Currency Expected to Add Up to $19 Billion in Revenue

According to a client note issued by Barclay’s internet analyst Ross Sandler, Facebook’s launch of its own digital currency could yield billions in additional revenue for the firm. The social network has been reportedly developing its own stable-coin, although precise details of the project remain limited. Sandler estimates that the launch of “Facebook Coin” could […]

Blockchain Sleuthing Startup Chainalysis Raises $30 Million

Chainalysis, the cryptocurrency transaction analysis startup, has raised $30 million in Series B funding. The firm will use some of the funding to open a new office in London and a research-and-development lab in a bid to expand its presence in the U.K., where it has worked closely with the likes of Barclays, the High […]