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 […]

Ex-R3 Director Tim Swanson Joins Blockchain Builder Clearmatics

Outspoken blockchain analyst Tim Swanson is joining U.K.-based Clearmatics, one of the top rivals to his former employer R3. Swanson, the founder and director of research at Post Oak Labs, has been on Clearmatics’ advisory board since 2015. He will come on board full-time next week as head of market intelligence, he told CoinDesk. “It […]

Top Banks ‘Investing $50 Million’ to Build Blockchain Settlement System

Some of the world’s biggest banks are said to be investing around $50 million to build a blockchain-based digital cash settlement system. A Reuters report on Friday, citing “people familiar with the plans,” said possibly a dozen unspecified banks are involved in the project. The participating banks will reportedly be setting up a new entity […]

Enterprise Ethereum Alliance Publishes Latest Client Specs in Blockchain Standards Push

Enterprise Ethereum Alliance (EEA), the standards body seeking a common approach for businesses using ethereum’s code, has released a third version of its client specification, as well as updates on privacy and performance. Announced Monday at CoinDesk’s Consensus 2019 conference, EEA released its Enterprise Ethereum Client Specification V3, which simplifies permissioning systems, inherent to enterprise […]

High School Team Places Third in Barclays Blockchain Challenge Event

If understanding how distributed ledger tech works inside banks is complex, finding ways to make different varieties of enterprise blockchains talk to each other is a doozy of a challenge. And yet, that’s exactly what a team of high school students – soon to sit their A-Level exams in computer science – has done. The […]

Blockchain Finance Startup Clearmatics Raises $12 Million in New Funding

Blockchain finance firm Clearmatics Technologies has raised over $12 million in a Series A funding round led by venture capital firm Route 66 Ventures. Additional investment in the funding round came from private equity firm TNF Capital and XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets. As part of the arrangement, […]

Axoni, Clearmatics Claim Milestone for Blockchain Interoperability

In a first for interoperability, Axoni and Clearmatics have shown how a derivative contract written on one blockchain can be settled on another. Source link