16 July 2018
Visit www.avoka.com

Nivaura settles security on public blockchain

26 March 2018  |  13127 views  |  0 Cloud on hands

UK fintech startup Nivaura has tapped Microsoft's cloud technology to launch what it claims is the world's first blockchain-based investment product.

Nivaura registered, cleared and settled two Principal Protected Notes (PPN) linked to the FTSE 100 - one through the traditional clearing infrastructure and a second using an open public blockchain.

Nivaura CEO Avtar Sehra says that using the Ethereum blockchain will help firms launching investment products save money by reducing the need for middlemen and slashing the costs associated with post-trade registration, clearing and settlement.

Says Sehra: "Our system is completely automated, end-to-end. We track all the data, and the money flows in a compliant manner, executing the deal in a legal way and aligning with all regulations. It makes sense for issuers and investors."

The startup has received full FCA approval and says that it used Microsoft Azure because the platform also complies with the UK regulator's guidance.

While the note was executed using the public Ethereum blockchain, Nivaura has also previously executed bond instruments using the Bitcoin blockchain, and is working on adding Zcash and JP Morgan’s Quorum protocols.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

R3 enlists Microsoft Azure for distributed ledger push

R3 enlists Microsoft Azure for distributed ledger push

04 April 2016  |  8312 views  |  1 comments | 8 tweets | 9 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit www.aciworldwide.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Flux ready for take-off on Barclays Launchpad; scores trial with Costa CoffeeFlux ready for take-off on Barclays Launch...
10550 views comments | 4 tweets | 9 linkedin
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9560 views comments | 18 tweets | 30 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8110 views comments | 13 tweets | 17 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8094 views comments | 3 tweets | 1 linkedin
No greater change will occur than that in financial servicesNo greater change will occur than that in...
7658 views comments | 7 tweets | 13 linkedin

Featured job

Find your next job