Category: Settlement

Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer

The Central Bank of Argentina (BCRA) is testing a new blockchain-powered clearing system that could be used by some of the country’s largest financial institutions. Blockchain developer IOV Labs said Tuesday it had created a proof-of-concept, for a permissioned...

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Legacy Trust’s Crypto Spin-Off Receives $3M to Roll Out Asian Settlement Platform

An Asian digital assets custodian, which is building a crypto settlement layer to offer a local alternative to Silvergate Bank, has announced a new lead investor ahead of its coming launch. Hong Kong-based First Digital Trust (FDT) announced Monday...

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New Settlement Layer to Offer Asian Crypto Institutions Local Alternative to Silvergate Bank

Legacy Trust’s digital asset division plans to create the first settlement layer in Asia for institutional investors trading both fiat and cryptocurrencies. First Digital Trust (FDT) announced Friday its new rapid settlement and clearing network (RSCN) will provide custodian...

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Jill Carlson, Meltem Demirors Back $3.3M Round for Non-Custodial Settlement Protocol Arwen

Arwen, a non-custodial settlement protocol developer, has raised $3.3 million in a funding round including Meltem Demirors at CoinShares and Jill Carlson at Slow Ventures. According to Arwen CEO and co-founder Sharon Goldberg, Slow Ventures led the round, which...

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Few Banks Will Touch Crypto Firms, but Silvergate Wants to Touch Bitcoin Itself

Silvergate Bank is venturing even further into a field where few financial institutions dare to tiptoe. The La Jolla, Calif., lender made a name for itself providing hard-to-come-by U.S.-dollar banking services for businesses that deal in cryptocurrency. But now...

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Blockchain of Things Pays SEC $250,000 to Settle Unregistered ICO

Internet startup Blockchain of Things Inc. (BCOT) agreed to pay $250,000 to settle with the U.S. Securities and Exchange Commission for launching an initial coin offering without registering with the regulator.  The federal securities regulator has long held that...

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