Banking


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Bank of America Wins Patent for Crypto Exchange System

In a patent awarded Tuesday, the second-largest bank in the U.S. describes a potential cryptocurrency exchange system for its corporate clients.

bank of america

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Australia's CommBank Plans to Issue a Bond on the Blockchain

The Commonwealth Bank of Australia has revealed a plan to issue a bond over a blockchain system in collaboration with a major world issuer.

Commonwealth Bank

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UBS Seeks IP Protection for Smart Contract Blockchain Validation

In a patent application released by the USPTO, money manager UBS indicated it was considering using smart contracts to validate transactions.

ubs

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Bitcoin Too Volatile for Goldman Sachs, Says CEO

Goldman Sachs CEO Lloyd Blankfein has said it's to early for the bank to consider a bitcoin strategy as it "doesn't feel like a store of value."

Lloyd Blankfein

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BBVA Blockchain Pilot Cuts Time for International Trade Transactions

BBVA has utilized blockchain platform Waves to conduct a live international trade transaction trial between Spain and Mexico.

Logistics container

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Austrian Bank Raiffeisen Enlists in R3 Blockchain Consortium

Raiffeisen Bank International (RBI) has become the first Austrian banking group to join the R3 distributed ledger consortium.

Raiffeisen Bank headquarters, Vienna, Austria

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State Bank of India to Beta Test Blockchain Smart Contracts Next Month

The State Bank of India is planning to beta launch smart contracts and blockchain-based know-your-customer processes.

Code

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JPMorgan, Goldman Sachs Trial DLT for Equity Swaps

Financial firms including JPMorgan Chase and Goldman Sachs have carried out equity swaps over a DLT system.

Biz

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Over 20 Banks Join Singapore-Hong Kong Blockchain Trade Network

A number of banks have joined the recently announced blockchain-based trade network pilot jointly set up by Hong Kong and Singapore.

singapore, asia

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$100 Bitcoin? Japan Post Bank's CIO Blasts 'Bubble' Value

Bitcoin's astonishing price rally this year continues to attract skeptics, including the CIO of Japan Post Bank.

Tokyo