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Global central banks are increasingly looking at blockchain technology as a tool to make interbanking processes more efficient and transparent.Following the World Bank’s exemplary experience of blockchain bond transactions, South Korea’s central bank is working on its own blockchain-based bonds, CryptoX Korea reports Feb. 18.Bank of Korea started the
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ConsenSys has purchased a U.S.-based broker-dealer in an attempt to overhaul the multi-trillion-dollar municipal bond market.The ethereum-focused VC and technology company said it had completed the purchase of the Philadelphia-based Heritage Financial Systems, Bloomberg reported Tuesday. The acquisition gives ConsenSys advisory and broker-dealer capabilities in the U.S., allowing it to
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Spencer Dinwiddie of the NBA’s Brooklyn Nets will launch his tokenized security offering on Jan. 13, in collaboration with digital securities company Securitize, after reportedly settling terms with the NBA.“The Spencer Dinwiddie bond launches January 13th,” Dinwiddie said in a Jan. 10 tweet, adding, “I’ll also be taking 8
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After having been denied bail on Dec. 26, Ethereum foundation researcher Virgil Griffith has now been released on a $1 million bond on the condition that he stay out of California.On Dec. 30, the Inner City Press reported that the 36-year-old Griffith has been released after a bail appeal
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Spain’s multinational banking giant Banco Santander has just redeemed a $20 million bond using the Ethereum blockchain.The firm has performed an early repayment of the blockchain-based bond that was issued on Sept.10, 2019, which purportedly shows that the public Ethereum blockchain can be applied to securities issuance across the
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"This unequivocally proves that a debt security can be managed through its full lifecycle," said an exec. Source
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There are several investment opportunities popular all over the world and as time goes on, trends seem to always change. For many years, the stock market has been the most popular and also one of the most lucrative especially in the U.S. as records show that the S&P 500 has
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Global banking giant HSBC will explore the use of blockchain for the issuance of fixed income securities in a joint trial with Singapore Exchange (SGX) and investment firm Temasek. Focused on the Asia bond markets, the trial intends to streamline the bond issuance process and reduce associated costs by applying
Read MoreGill Bull, ICO’s Director of Freedom of Information Complaints and Compliance, speech at the British Records Association in London, 13 November 2019.Original script may differ from delivered version. “Hello my name is Gill Bull. I am the Director of Freedom of Information at the Information Commissioner’s Office (the ICO) and I am
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Banco Santander has announced that it has successfully issued a bond that is backed by end-to-end blockchain, and possibly revolutionizing the bond technology. The news was revealed on September 12th through a press release issued by the bank itself.As stated in the press release, the technology behind the bond consists
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