UK Finance launches pilot for tokenised sterling deposits

UK Finance launches GBTD pilot with six banks to test tokenised sterling deposits until 2026. Quant Network to power digital pound pilot, exploring payments, remortgaging and bond settlement. FCA readies crypto rules by 2026 as UK tests tokenised deposits for safer, efficient transactions.

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OrangeDX and Kima Network Partner to Enable Seamless Crypto–TradFi Settlements

OrangeDX, the leading Bitcoin DeFi hub, has recently announced forming a strategic partnership with Kima Network, a decentralized settlement protocol.

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Cycle Network and RISE Chain to Offer Real-Time, Bridgeless Cross-Chain Liquidity

The collaboration intends to provide an inclusive liquidity infrastructure, marked by the merger of real-time performance and secure cross-chain settlement.

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FalconX joins Lynq digital settlement layer as launch partner

FalconX has joined Lynq as a launch partner, alongside other major industry players such as Galaxy, Crypto.com, and Wintermute. FalconX, a leading institutional crypto trading and prime brokerage platform, has joined Lynq, a real-time interest-bearing settlement network, as a launch…

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AgriDex executes first on-chain farmland deal on Solana network

AgriDex annnounced the first on-chain farmland transaction on the Solana network was successfully completed. The deal consists of a $165,000 land purchase in Zambia. The purchase was settled immediately at no cost using AgriDex’s digital settlement system. AgriDex is a…

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Starknet announces plan to bridge Bitcoin and Ethereum on a unified layer 2

Starknet plans to use Bitcoin as a settlement layer alongside Ethereum, aiming to connect the two largest blockchains on a single layer 2 network. The Starknet Foundation’s Bitcoin roadmap, published on Mar.

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Mantle Network Advances Technical Roadmap As The First ZK Validity Rollup with Succinct’s SP1

Mantle Network embarks on creating the liquidity chain for institutional-grade settlement and value transfer in the crypto ecosystem.

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Mastercard and JP Morgan Team up to Enhance Cross Boarder Payments

Mastercard and JP Morgan are collaborating to enhance B2B cross-border payments by providing faster settlement and more transparency. Mastercard’s multi-token network will integrate with JP Morgan’s Kinexys Digital Payments (formerly called Onyx) to power cross-border payments.

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Mastercard and J.P. Morgan team up for better blockchain payments

Mastercard’s Multi-Token Network has integrated with J.P. Morgan’s Kinexys Digital Payments to improve the efficiency of business-to-business cross-border transactions. This collaboration enables mutual customers to use a single application programming interface for seamless settlement, enhancing the speed and transparency of…

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Swift’s tokenized fund settlement pilot with UBS and Chainlink deemed a success

Swift, the global bank messaging network, announced on Nov. 5 that it has concluded a pilot program to streamline tokenized fund settlement and redemption using fiat currency on its network in collaboration with UBS Asset Management and Chainlink.

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Blockchain-Based Investment Platform Assetera to Offer Tokenized Assets on Polygon

Assetera will use Ethereum scaling network Polygon to secure transactions and utilize stablecoins for purchase, clearing and settlement to ensure the process is fast and efficient.

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Ether.fi chooses Scroll as its L2 settlement layer, announces crypto-based credit card

Ether.fi's integration with Scroll could significantly boost Scroll's TVL and position it as a leading layer-2 network, enhancing crypto's utility. The post Ether.fi chooses Scroll as its L2 settlement layer, announces crypto-based credit card appeared first on Crypto Briefing.

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Siemens Issues $330M Digital Bond on Private Blockchain with Major German Banks Including Deutsche Bank

The issuance was the company's first digital bond with fully automated settlement, building on last year's issuance on the Polygon network.

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Stacks (STX) poised for recovery as game-changer Nakamoto upgrade approaches

Stacks (STX), one of the top layer2 solutions on the Bitcoin ecosystem, plans to unveil its Nakamoto upgrade on Wednesday, August 28. The upcoming update marks a crucial milestone for Stacks Network as it will revolutionize the Bitcoin DeFi market through swift transaction settlement.

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What’s Next For The Terra Ecosystem After $4.47 Billion SEC Settlement Over LUNA, UST?

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Horizen Labs Launches zkVerify – The Most Efficient Modular Blockchain for ZK Proof Verification

Horizen Labs is proud to announce the official launch of zkVerify, a dedicated zero-knowledge proof verification network designed for settlement optimization. 

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JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger

Major banks collaborate on a shared ledger PoC to streamline tokenized asset settlements, aiming for a 24/7 interoperable network. The post JPMorgan, Citi, Mastercard, Visa join forces to test tokenized asset settlement on shared ledger appeared first on Crypto Briefing.

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Mastercard, Citi, JPMorgan, Visa Test Distributed Ledger Solutions for Settlements

Mastercard, Visa, JPMorgan, and Citigroup have launched the Regulated Settlement Network, integrating multiple financial elements to revolutionize settlements and enhance efficiency using Distributed Ledger Technology (DLT).

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Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein

Solana is leading the field in blockchain payments, but the network has scalability issues, the report said.

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Major Australian Bank Pioneers Cross-Chain Tokenized Asset Settlement with Avalanche and Chainlink

Leading Australian bank ANZ has unveiled a collaboration with Avalanche and Chainlink to explore cross-chain settlement of tokenized assets, as highlighted in a post shared by Avalanche. This initiative aims to connect the Avalanche network with Ethereum, enabling the seamless circulation and settlement of tokenized assets globally.

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AVAX surges 8% after token chosen as tokenized asset settlement by Australia’s bank

Australia’s banking giant, ANZ, in a partnership with Chainlink Labs, has unveiled a successful cross-chain settlement of tokenized assets on the Avalanche network. In a blog announcement on Mar.

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Particle Network introduces modular L1 blockchain for a multi-chain ecosystem

Particle Network’s modular L1 blockchain is a universal settlement layer for a multi-chain ecosystem. It features Chain abstraction and Universal Accounts. Particle Network has introduced its modular Layer-1 blockchain, an upgrade powered by chain abstraction and universal accounts to make user experience across blockchains easier.

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Why Circle USDC is quitting Tron, and what it means for $TRX and $GFOX prices

Over the past few years, Tron ($TRX) has been the most used blockchain network for stablecoin settlement. However, in a shocking move, Circle has announced its decision to end support for its USDC stablecoin on the Tron blockchain.

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SEC staff reportedly unhappy with Gensler over Kim Kardashian ‘publicity stunt’

The United States SEC’s enforcement staff are reportedly unhappy with Chairman Gary Gensler over his “publicity stunt” concerning the recent settlement fine paid by Kim Kardashian, Fox Business Network’s Charles Gasparino reported on October 5.

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EMAX skyrockets as Kim K. pays $1.26m SEC fine: Top places to buy EMAX 

Celebrity and influencer Kim Kardashian paid the SEC a $1. 26 million fine for not disclosing that her EthereumMax posts were promotional. While the network was not directly involved in this settlement, it saw its token EMAX gain 96% in 24 hours on the news.

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Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network

Impel is pleased to announce today that bitcoin (BTC) has been added to its ISO 20022 financial messaging API as optional collateral for making payments. This addition enables BTC to be used in the instant settlement process for traditional banking services and other organizations that utilize the new ISO 20022 messaging standard.

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Hxro Network Launches Derivatives Alpha on Solana Mainnet

Hxro Network , a fully composable, on-chain derivatives primitive that provides core exchange, risk and settlement infrastructure, today announced it has launched the alpha version of its...

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Fantom upgrades network to boost scalability and decentralization

Fantom, one of the fastest growing EVM-compatible layer-1 blockchain platforms, has announced significant upgrades to the network intended to boost settlement speed and scalability. The upgrades include London Upgrade EIP-1559, with 30% burn of transaction fee; “Lachesis Light Repeater” (LLR), a new iteration of the network consensus algorithm that ensures light-weight stateless syncing; and Snapsync, […] The post Fantom upgrades network to boost scalability and decentralization appeared first on Invezz.

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Celsius Stops 'Earn' Product For US Customers

The ripple effect of February’s $100 million BlockFi settlement with the SEC continues, with Celsius Network ending its Earn product for new unaccredited investors in the US.

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Knox Wire’s New Decentralised System to Facilitate Instant Payments

Knox Wire is set to empower the financial industry with a global real-time gross settlement system. The network’s focus helps address two major aspects of communication and cross-border payments between financial institutions.

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XRC20 Tokens — A Multiple DEX Support on XinFin XDC Network

XDC Network has several benefits over Ethereum Network, including near-zero transaction costs, 2000 TPS at 2-second settlement, and reduced energy consumption. To enable hybrid relay bridges with immediate block finality and compatibility with ISO 20022 financial communications standards, eXchange inFinite (XinFin) has built the XDC Network.

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Two Prominent Blockchain Companies Are Merging

Yellow.com, Inc. and Openware, Inc. announced today that they had finalized the merging process, creating a global settlement network for their customers. The two companies...

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Bitcoin Is The World's Most Efficient Value Settlement Network

On-chain analytics show Bitcoin is the most efficient value settlement network, settling more than $60 trillion in transfer volume to date.

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Bitcoin’s settlement efficiency improves: $1 in fees now settles an average of $95,000

The Bitcoin (BTC/USD) network is constantly receiving criticism for poor efficiency, which has been the case for years now. However, the situation might not be as bad as it seems, and certainly not as bad as it used to be a while ago.

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Bitcoin network settling an average of $95K for every $1 in fees

Bitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees.

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Kineko Announces Migration to Solana Following $41 Million In Volume Turnover

Kineko, a high-throughput sports betting and prediction markets protocol with the real-time settlement, has officially migrated to Solana. The company has gained substantial momentum since its inception on the Ethereum network and continues to be a leader in the crypto betting space.

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Kineko Announces Migration to Solana Following $41 Million In Volume Turnover

Kineko, a high-throughput sports betting and prediction markets protocol with real-time settlement, has officially migrated to Solana. The company has gained substantial momentum since inception on the Ethereum network and continues to be a leader in the crypto betting space.

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Bitcoin Network Settled Record $31B in Single Day Last Week

The Bitcoin network hit a new milestone on Oct. 6, settling $31 billion in transactional value. The new all-time high caps off an incredible rise in settlement value since the start of the year.

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Bitcoin network tags record high for daily settlement volume

More than $30 billion was settled on the Bitcoin blockchain in a single day last week.

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Bitcoin: Liquid Network fixes upgrade issues after 22 hours of backlog

Liquid, a sidechain-based settlement network for traders and exchanges, recently faced major hiccups in processing transactions. This was an interesting development, especially since according to LiquThe post Bitcoin: Liquid Network fixes upgrade issues after 22 hours of backlog appeared first on AMBCrypto.

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GATENet, a Subsidiary of GSX Group, Joins Growing Network of Node Operators

GATENet, a GSX Group initiative with a vision to build on-chain financial market, settlement, and registry solutions, has become the newest node operator on the...

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Cudos Network Partners with Elrond to Offer Decentralized Hosting for dApps

High-throughput, energy-efficient, internet-scale blockchain Elrond (EGLD) today announced a partnership layer-one blockchain and layer-two computation and oracle network Cudos Network The alliance will enable applications running on Cudos to connect to the Elrond Network as a settlement layer.

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China’s Digital Yuan Used for Payment in Country’s Financial Markets

China’s Dalian Commodity Exchange has successfully used the digital yuan for fees settlement in the nation’s futures market, making it the first real application of the People’s Bank of China (PBoC) issued digital currency in the finance sector, according to a report by China Securities News Network on August 23, 2021.

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Central Bank Balance Sheet: Bitcoin’s Most Bullish Chart Ever

For a network that allows final settlement of sound money, there’s no better marketing tool than a central bank balance sheet. That’s the reason for this popular saying in the Bitcoin community: Central bank policies are Bitcoin’s ad campaign.

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Bank of America joins the Paxos blockchain settlement network

Bank of America (BofA), the second-largest bank in the US, has joined the Paxos Settlement Service, a platform that leverages the blockchain to settle stock trades in minutes. A report unveiled this news on May 17, noting that this change will help the bank avoid the lengthy, antiquated settlement system, which took days to complete […] The post Bank of America joins the Paxos blockchain settlement network appeared first on Invezz.

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Second-Biggest US Bank Joins Paxos’s Blockchain Stock Settlement Network

Bank of America has joined with Paxos Blockchain Stock Settlement Network in the latest sign that Wall Street is inching closer to crypto. The post Second-Biggest US Bank Joins Paxos’s Blockchain Stock Settlement Network appeared first on BeInCrypto.

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Bank of America to Speed Up Stock Trade Settlement Using Paxos Blockchain Network

Crypto firm Paxos has welcomed Bank Of America to its blockchain-based network for settling US equities. According to Bloomberg, Bank of America has become the latest US bank to join the Paxos Network for blockchain stock settlement.

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Crypto exchange Liquid.com now supports instant USD settlement on the Silvergate Exchange Network

CryptoNinjas » Crypto exchange Liquid. com now supports instant USD settlement on the Silvergate Exchange Network Liquid. com, a popular bitcoin/crypto exchange company, today announced it has completed integration with Silvergate Bank’s Settlement Network Exchange (SEN), an internal settlement platform developed by Silvergate Bank.

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Payment Giant Visa Integrates USDC Stablecoin Support for Settlement

On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated token built on top of the Ethereum network.

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