Category: Banking

China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance

The agency that regulates and manages China’s foreign exchange reserves has developed a blockchain system aimed to address inefficiencies in cross-border trade finance. As reported by local financial news source CNStock, the State Administration of Foreign Exchange (SAFE) worked with the...

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ING Bank Is Bringing Bitcoin ‘Bulletproofs’ to Private Blockchains

ING’s blockchain team is testing a privacy technology called “bulletproofs,” the latest in a series of seemingly unlikely cypherpunk experiments at the Netherlands-based global bank. Developed and refined by hardcore cryptographers at Stanford University, University College London and startup...

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Societe Generale-Owned Bank Launches Blockchain Exchange Note

Kleinwort Hambros, a Societe Generale-owned private bank and wealth manager, has launched an actively managed exchange-traded note (ETN) targeting the blockchain sector. The London-based bank announced the news on Monday, saying its Luxembourg-listed ETN will invest in companies that could “profit...

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