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Dutch multinational ING considers entering DeFi lending industry

In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi, peer-to-peer lending protocol with the Netherlands Authority for the Financial Markets. Vreugdenhil said the following in regards to the development,

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Group Backed by ING Bank, Fidelity and Standard Chartered Releases Crypto AML Tools

The Travel Rule Protocol (TRP), a working group favored by banks and traditional financial institutions and focused on bringing crypto in line with global anti-money laundering (AML) standards, has released the first version of its API.Announced Thursday, the 25-member TRP working group, which includes Standard Chartered, ING Bank and Fidelity

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ING Backed Hqlax to Target Institutional Investors, Says Platform’s COO

Following an undisclosed investment into Hqlax from Dutch multinational bank ING on March 6, CryptoX spoke to Nick Short, the COO of tokenized securities firm.Short describes ING as one of the company’s “longest-standing strategic partners,” emphasizing that the two firms have collaborated in developing and testing Hqlax’s tokenized securities

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Dutch Bank ING Working on Digital Asset Custody Technology

Amsterdam-based bank ING is reportedly developing cryptocurrency custody technology, Reuters reported on Dec. 12.The digital assets custody service being developed by ING is purportedly part of one of the bank’s several blockchain-related initiatives and is still at an early stage of development. ING reportedly said that it “sees increasing

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ING Bank Proposes Security and Privacy Trade-Off for Corda Blockchain

ING announced that researchers at the financial services firm have solved a security and privacy issue on blockchain software firm R3’s Corda blockchain.On Oct. 23, ING’s distributed ledger technology team presented its white paper, called “Solutions for the Corda security and privacy trade-off: having your cake and eating it,”

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