Finastra has signed three more pilot banks to Fusion LenderComm, a distributed ledger technology (DLT) platform for the syndicated loan market developed in collaboration with R3.
The blockchain-based trade finance coalition Voltron has swelled to over 50 banks and corporates following the completion of trials involving the simulation of multiple digital Letter of Credit transactions across 27 countries on six continents.
Wipro is working with the Bank of Thailand and eight of the nation's largest banks to develop a blockchain-based interbank payment system using digital tokens.
The China Academy of Information and Communications Technology (CAICT) has joined enterprise software firm R3 to collaborate with its global legal and regulatory community to share best practices regarding blockchain technology and develop solutions on its Corda blockchain platform.
RBS and Barclays Bank have completed a blockchain trial with R3's distributed ledger software which reduced the time taken to complete a property transaction from three months to less than three weeks.
The Italian Banking Association (ABI) is moving into the 'pre-production phase' for its blockchain-based interbank reconciliation project.
The Wall Street Blockchain Alliance has joined enterprise software firm R3’s collaborative initiative to develop innovative applications and solutions on its Corda blockchain platform.
Interbank co-operative Swift is to conduct a proof-of-concept trial to link its gpi network to the Corda platform of enterprise blockchain consortium R3.
Financial services group SBI Holdings is setting up a joint venture with R3 to push the distributed ledger technology specialist's Corda platform in Japan.
Deutsche Bourse has increased its stake in HQLAx, the liquidity and collateral management outfit with which it is building a blockchain-based front-to-back operating model for securities lending.
© Finextra Research 2019