Strategy Financial News

Confirm is a global account information validation tool, allowing participants to confirm account information and receive responses in near-real time from other network participants. The application is deployed through Liink, JP Morgan Onyx’s information exchange network that enables payment-related data sharing between institutions.

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Jennifer O’Rourke is director of innovation strategy and design at DTCC

Polygon [MATIC] has managed to show consistent growth in the L2 space despite the L2 space seeing a rise in the number of projects. However, will Polygon be able to continue this growth in the future given the current situation of the cryptocurrency market? 

The RBI is working towards a phased implementation strategy for a digital rupee, planning various pilots before a final launch "with minimal or no disruption to the financial system," says the paper.The bank says it is considering both wholesale and retail CBDCs, arguing that the former can improve settlement systems while the latter can offer direct access to safe money for payment and settlement.The motivations for introducing a CBDC include reducing costs associated with physical cash management, boosting financial inclusion, improving efficiency, and encouraging innovation in cross-border payments.The paper also flags the potential importance of an offline feature in a digital rupee as a way of reaching people in remote locations and guarding against power and mobile network outages.But, says the RBI: "CBDC is aimed to complement, rather than replace, current forms of money and is envisaged to provide an additional payment avenue to users, not to replace the existing payment systems."Read the full paper:Download the document now 1.3 mb (Chrome HTML Document)

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In December, messaging network Swift teamed up with Clearstream, Northern Trust and DLT specialist SETL to investigate how it can back the development of the tokenised asset market, focused on ensuring interoperability, interconnecting market participants, and simplifying their operations by completing activities centrally.The partners carried out a series of experiments on the issuance, delivery versus payment, and redemption processes to support a frictionless and seamless tokenised asset market.Vikesh Patel, head, securities strategy, Swift, says: "Our vision for instant and frictionless transactions not only applies to traditional securities instruments but also to new asset classes as well."SETL worked with Swift and the other participants in experiments involving the integration between the various DLT environments and with transaction orchestrations by using the firm's PORTL suite of products. Marjan Delatinne, head, payments, SETL, says: "We are entering a pivotal moment of history by connecting the dots between Swift and the new tokenized world.

Golden Tree, an asset management firm, took a $5.3 million token stake in SushiSwap. Following this development, the SushiSwap token saw immense growth over the past 24 hours.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The Blockchain Technology Association of Nigeria (SiBAN) has urged the Central Bank of Nigeria (CBN) to reconsider its current anti-crypto policy that restricts commercial banks and other financial institutions from processing crypto-related transactions.

The derivatives-based investment strategy that tipped the UK’s pension sector into crisis started with good intentions: Help companies fulfil promises they made to employees to pay a steady income through retirement.

S. Daniel Leon, who cofounded Celsius with Alex Mashinsky in 2017, has quit his job as the bankrupt crypto lender’s chief strategy officer, CNBC reported Oct. 4, citing unnamed sources and an internal memo seen by the outlet. Bloomberg later reported receiving confirmation of Leon’s resignation from the company. Leon’s resignation comes one week after Mashinsky’s and is part of an apparently growing trend.

Catherine Zhou, global head of ventures, digital partnerships and innovation, HSBC, seemed a fitting individual to kick off Finextra’s Sibos coverage. Joining a the panel titled, ‘Spotlight on Digital Value: Conquering the metaverse - should securities firms start buying plots of virtual land,’ Zhou will dive in to the meaty Metaverse world, sharing the perspective of one of the globe’s largest financial institutions.

Legal and General has attempted to reassure investors that it remains in strong financial health despite the crisis that engulfed the gilt and liability-driven-investment markets last week.

In December, messaging network Swift teamed up with Clearstream, Northern Trust and DLT specialist SETL to investigate how it can back the development of the tokenised asset market, focused on ensuring interoperability, interconnecting market participants, and simplifying their operations by completing activities centrally.The partners carried out a series of experiments on the issuance, delivery versus payment, and redemption processes to support a frictionless and seamless tokenised asset market.Vikesh Patel, head, securities strategy, Swift, says: "Our vision for instant and frictionless transactions not only applies to traditional securities instruments but also to new asset classes as well."SETL worked with Swift and the other participants in experiments involving the integration between the various DLT environments and with transaction orchestrations by using the firm's PORTL suite of products. Marjan Delatinne, head, payments, SETL, says: "We are entering a pivotal moment of history by connecting the dots between Swift and the new tokenized world.

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Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Epic Games Store hosts the new Solana game Star Atlas. A playable demo is available for NFT owners to sample.

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