Year: 2022

Multinational banking firm JPMorgan has successfully executed its first-ever cross-border transaction using decentralized finance (DeFi) on a public blockchain. The trade was facilitated by the Monetary Authority of Singapore’s (MAS) Project Guardian on Nov. 2 — which was established as part of a pilot program to “explore potential decentralized finance (DeFi) applications in wholesale funding markets.” In other words, the pilot was another… Continue reading JP Morgan Completes First DeFi Trade On Public Blockchain

Solana is ready to take the entire ecosystem to a whole new level with launches and remarkable unveiling. Solana made a series of announcements during its annual gathering at Breakpoint 2022 in Lisbon, scheduled for Nov. 5th to Nov. 7th. As the blockchain platform braced up to go mainstream, it announced the launch of smartphones,… Continue reading Solana Announces Mobile Phone, Web3 Store, Partnership with Google at Breakpoint 2022

Multinational banking giant HSBC has revealed plans to issue digital bonds to corporates and financial institutions through its new proprietary tokenization platform called HSBC Orion. By harnessing the power of distributed ledger technology (DLT), HSBC Orion will enable token-based transactions. As a result, attain digital delivery versus payment. Per the report: “The platform leverages blockchain… Continue reading HSBC To Issue Digital Bonds To Institutional Investors Through Tokenization Platform

The objective of this project is to streamline the processes of transacting with different kinds of property through the platform. Santander, one of the biggest banking institutions in the world, has put out a proposal to broaden the scope of Digital Real’s potential usage as a central bank digital currency (CBDC) in Brazil. Santander is… Continue reading Santander Proposes Project to Tokenize and Trade Assets with Brazilian CBDC

The advent of the NFT vending machines from MyNFT can be considered a major innovation in the Web3.0 ecosystem as it has the primary aim of bringing digital collectibles closer to the average man. Bitcoin Automated Teller Machines (ATMs) might be a wonder of the tech world but their status in this regard may not… Continue reading EU’s First NFT Vending Machine Is Coming to London Next Week

World’s largest custodian bank leads development of financial infrastructure to support digital assets BNY Mellon has announced that its Digital Asset Custody platform is live in the U.S. With select clients now able to hold and transfer bitcoin and ether, this milestone reinforces BNY Mellon’s commitment to support client demand for a trusted provider of… Continue reading BNY Mellon Launches New Digital Asset Custody Platform

Lockton, the world’s largest independent insurance brokerage, is announcing the creation of a new custody insurance facility available exclusively to its digital asset clients.  Developed by Lockton’s Emerging Asset Protection (LEAP) team in collaboration with leading global custody insurers, the facility is supported by Lloyd’s syndicates, together with highly rated insurance companies. This provides Lockton… Continue reading Lockton launches new digital asset custody insurance facility

An EU finance commissioner called on the crypto industry to help come up with ways to regulate decentralized finance in the coming years. European Commissioner Peter Kerstens called on the crypto industry to help come up with solutions on regulating decentralized finance, as the European Commission‘s investigation in the matter gains momentum. “If you want… Continue reading EU Commissioner Calls for Industry Recommendations on DeFi Regulation

In contrast to the city’s skepticism of previous years and the prohibition in place in mainland China, Hong Kong is turning toward a friendlier regulatory framework for cryptocurrencies with a plan to authorize retail trading. According to persons with knowledge of the situation who declined to be identified because the material is private, a proposed… Continue reading Hong Kong Aims To Become A Hub By Legalizing Retail Cryptocurrency Trading

Google’s Blockchain Node Engine will offer a “fully managed node-hosting service” making it easier for Web3 teams to deploy their nodes securely and with minimum efforts. On Thursday, October 27, the Google cloud division made an important announcement with the launch of its Blockchain Node Engine. Google said that this would be a “fully managed node-hosting service”… Continue reading Google Introduces Blockchain Node Engine, Ethereum First to Get Support