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Japan’s Second-Largest Securities Brokerage Daiwa Completes Blockchain Pilot

Daiwa Securities Group, Japan’s second largest securities brokerage, has announced the completion of a blockchain proof-of-concept (PoC) in a press release shared with Cointelegraph on Feb. 19. The PoC implemented blockchain in the trade matching of post-trade processing.The blockchain pilot project, dubbed “JPX Proof-of-Concept Testing for Utilization of Blockchain /

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Japan’s Number Two Bank by Assets Completes R3 Blockchain-Based Trade Finance Trial

Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18.SMBC, which is the only Japanese bank participating in Marco Polo, said it had partnered with Japanese

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Credit Suisse Completes Joint Mutual Fund Transactions Using Blockchain

Global investment bank Credit Suisse and Portuguese Banco Best have completed end-to-end fund transactions on blockchain, according to a press release published Feb. 7.The financial institutions have reportedly processed every part of the fund trade process by implementing a blockchain-based decentralized platform, FundsDLT.Designed to improve the efficiency of fund transaction

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Japanese IT Giant Fujitsu Completes Test of Blockchain Electricity Sharing Project

Japanese IT firm Fujitsu has successfully trialed a blockchain-based solution to address inefficiencies in electricity surplus management, the company confirmed in a press release on Jan. 29.Fujitsu, which partnered with local power distribution company ENERES, used blockchain to increase the success rates of power sharing, which is administered through a

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StanChart’s Singapore Unit Completes First Blockchain-Powered Trade Finance Deal

The Singapore unit of London-headquartered multinational banking and financial services firm Standard Chartered has completed its first blockchain-powered trade finance deal. The news was reported by Singapore’s English-language financial daily The Business Times on Jan. 24.The bank reported that the blockchain solution — developed by blockchain startup Distributed Ledger Technologies

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Saudi Arabia Completes IBM TradeLens Pilot for Cross-Border Blockchain Trade

Customs authorities in Saudi Arabia have concluded a pilot scheme linking its cross-border trade platform FASAH with IBM and Maersk’s TradeLens blockchain platform. A press release from Dec. 26 reported the pilot’s conclusion.TradeLens, which IBM and Maersk created in August last year, is intended to be a basis for digital

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NYSE Operator’s Crypto Platform Bakkt Completes $182.5 Million Funding Round

Digital assets platform Bakkt — created by the operator of the New York Stock Exchange (NYSE) — has announced the completion of its first funding round in a blog post today, Dec. 31.The institutional investor-focused cryptocurrency platform from the Intercontinental Exchange (ICE) has officially raised $182.5 million from 12 partners

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