Following a year-long experiment, the Bank of Canada says that distributed ledger technology is not ready to act as the backbone of a wholesale interbank payment system.
The power of digital payments to drive financial inclusion and social justice emerged as a key theme on the first day of the Payments Canada Summit in Toronto.
In the largest funding round in the history of distributed ledger technology, the R3 consortium has raised $107 million from around half of its members as well as Intel and Temasek Holdings.
JPMorgan is to use technology from the company behind the Zcash digital currency to add a new layer of privacy protection to users of its enterprise-grade Quorum blockchain platform.
Citi is providing financial resolution for secondary market transactions conducted over Nasdaq's Linq Platform, using distributed ledger technology from Chain to address the challenges of liquidity in private securities by streamlining payment transactions between multiple parties.
Corporate support for the Enterprise Ethereum Alliance is gathering momentum, with 86 new companies adding their weight to the initiative to promote the uptake of Ethereum as the foundation for running smart contracts in Fortune 500 enterprises
Chile's Santiago Exchange has enlisted IBM to help it build what is being billed as the world's first securities lending blockchain platform.
The People's Bank of China has set up a committee that will investigate the impact of fintech on monetary policy and financial markets as well as how big data and AI can be used for regulatory oversight.
A host of board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the twelfth annual EBAday, taking place this year in Dublin between the 20th and 21st June.
Citi has become the latest Wall Street giant to join a Series A funding round for Axoni, bringing the total amount raised by the distributed ledger technology outfit to over $20 million.
© Finextra Research 2017