Banking

Bank of France 1st To Successfully Test Digital Euro

  • The Banque de France's first successful test with digital euro was carried out in collaboration with investment bank Societe Generale.
  • Though the bank did not reveal much, the test indicates that the pilot program is focusing more on the wholesale use of CBDC.

TPBank To Provide Transparent Transactions Between Vietnam & The World Using RippleNet

  • Via the new remittance services a transaction between two countries can be settled in minutes.
  • Using RippleNet, TPBank plans to open new cross-border transaction corridors and eventually grow their operations into other countries.

CipherTrace Unveils New Crypto Tracing Tool For Banks

  • Unlike other products from the company, and its competitors, CipherTrace Armada has been designed to work off-chain.
  • It has been designed to "plug into" existing bank transaction monitoring systems, and help with risky cryptocurrency blind spots.

The Bank of Korea Launches Digital Currency Pilot

  • The new CBDC pilot will look into the technological and legal issues of replacing fiat cash with a digital equivalent.
  • Though still skeptical, the Bank of Korea wishes to be prepared should there be a shift in "domestic and external conditions".

The National Stock Exchange of Australia to Build New DLT Platform

  • The new platform will be a joint venture between the owner of the NSE of Australia, NSX Limited, and iSignthis.
  • Called ClearPay, the platform will compete with the Australian Securities Exchange, and offer same-day delivery versus payment (DVP) settlement.

Sweden to Begin One Year Tests of its CBDC

  • Participants in the pilot project will hold their e-krona's in a digital wallet, and make payments, deposits and withdrawals through a mobile app.
  • The bank has also said that if the e-krona is ever released to the public it would not replace cash, but complement it.

U.S. Federal Reserve Now Open To The Idea Of CBDC, Researches DLT

  • The U.S. Federal Reserve has followed the example of 80% of the world's central banks, and started researching the potential use cases o DLT.
  • The sudden change in stance is probably due to concerns over privately issued digital currencies.

TokenSoft Introduces Self-Managed Investment Accounts Platform for Security Tokens

  • The new platform will be very convenient to use and will also provide compliant security token standards.
  • With time all TokenSoft customers' security tokens will be supported with preference to issuer/investor demands.

Julius Baer Launches Crypto Storage, Investment Offerings

  • The new digital assets offering comes thanks to a partnership between Julius Baer and SEBA Crypto AG.
  • The bank now provides secure storage and transaction solutions, as well as consolidated portfolio overviews across both conventional and digital assets.

Bank of Santander Confident in Blockchain Development

  • In the end of 2019 Santander issued a bond for 20 million euros on the Ethereum blockchain as a pilot test.
  • Although technology is physically ready, bank representatives agree that they need more time to create a profitable business model based on it.