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 […]