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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Celsius Network Offers Settlement Plan for Large Account Holders Amid Bankruptcy Proceedings

In a pivotal move, Celsius Network LLC offers a settlement plan to account holders with significant liabilities as part of its Chapter 11 reorganization. This article details the critical deadlines, eligibility criteria, and steps involved in the settlement process, providing essential insights for affected stakeholders.

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Binance to Make 'Complete Exit' From U.S., Pay Billions to FinCEN, OFAC on Top of DOJ Settlement

Crypto exchange Binance will leave the U. S. , pay billions in fines and appoint a monitor for five years to settle charges with the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Asset Control (OFAC), the U.

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Surging to $113 trillion, Bitcoin on-chain settlement showcases extraordinary growth

Quick Take As the curtain begins to fall in 2023, data reveals a striking trend in the Bitcoin network – the on-chain settlement value has surged remarkably. The total value of coins transferred on-chain, measured in US dollars, has witnessed a significant leap from $105 trillion at the start of the year to a staggering […] The post Surging to $113 trillion, Bitcoin on-chain settlement showcases extraordinary growth appeared first on CryptoSlate.

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Membrane announces first derivatives trade settled on network

Membrane Labs Inc., a leading institutional-grade digital asset settlement and workflow management platform, today announced the successful completion of its first derivatives settlement with prominenThe post Membrane announces first derivatives trade settled on network appeared first on AMBCrypto.

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BitGo and Copper Combine Crypto Custody Settlement Networks

The network effect of BitGo’s cold storage settlement system and Copper’s ClearLoop comprises exchanges like Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, Bitfinex, and Bitstamp.

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Ethereum’s Dencun Upgrade Is a Step Toward a Scalable Settlement Layer: Goldman Sachs

The upgrade will enhance the blockchain’s scalability using rollups, will optimize gas fees and improve the network’s security, the report said.

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Nomura-Backed Komainu Joins Crypto Custodian Copper’s ClearLoop Network

Komainu clients will be able to benefit from the firm’s on-chain custody while gaining access to off-exchange settlement over ClearLoop.

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WOO Network repurchases shares and tokens from bankrupt Three Arrows Capital

On Oct. 6, WOO Network, the Taiwan-based liquidity provider, made the announcement on its website that they had reached a settlement with Teneo, creditors of the estate of Three Arrows Capital.

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BlackRock leverages JPMorgan’s new blockchain tools for instant collateral settlement with Barclay’s

BlackRock used tokenized shares from one of its money market funds as collateral in a derivatives transaction with Barclays, leveraging JPMorgan’s newly introduced Tokenized Collateral Network (TCN), a blockchain-driven collateral settlement platform, per a Bloomberg report on Oct.

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Why Solana? Visa Reveals Its Reasons For The Partnership

In a deep dive into the Solana blockchain network, Visa elucidated its reasons for selecting Solana as a part of its stablecoin settlement pilot today. As Bitcoinist reported, Visa announced last week that they are expanding their stablecoin pilot to Solana.

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EOS Network Foundation urges community to reject $22 million settlement offer

The EOS Network Foundation (ENF) advises community members to carefully consider opting out of the $22 million settlement with B1 as the deadline approaches

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EOS Network Foundation Advises Community to Reject Block.one Settlement 

The EOS Network Foundation has implored victims of Block.one's unmet promises to reject the company's $22 million offer. The post EOS Network Foundation Advises Community to Reject Block.one Settlement  appeared first on BeInCrypto.

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EOS Foundation urges creditors to reject $22M Block.one settlement

The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action.

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Celsius Network’s Bankruptcy Woes Ebb Away After Settlement Deal

Bankrupt crypto lender Celsius Network may finally see an end to its prolonged court battle with disgruntled customers after the company entered into a settlement agreement to address pending claims related to fraud allegations. 

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FTC Drops The Hammer On Celsius Network With Historic $4.7 Billion Fine

The US Federal Trade Commission (FTC) has reached a settlement with cryptocurrency platform Celsius Network, which has been charged with duping consumers into transferring cryptocurrency into their platform and then “squandering” billions in user deposits.

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FTC Banned Celsius from Handling Customer Assets

The Federal Trade Commission (FTC) has struck a settlement with Celsius Network, a cryptocurrency platform currently in bankruptcy. The settlement, pending approval, will see Celsius permanently prohibited from dealing with...

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The Graph migrates settlement layer to Arbitrum

The Graph began its transition from Ethereum in 2022. Arbitrum offers more scalability, low transaction costs and high network speeds. The price of GRT and ARB rose slightly following the start of The Graph’s final migration phase.

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Influencer served settlement demand via NFT: Nifty Newsletter, May 17–23

Data shows that the Bitcoin network has become the second-largest NFT chain by sales volume in the 30-day, 7-day and 24-hour metrics.

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Fortune Favors the Early: Discovering Top DeFi Projects in the Nascent Sui Network Landscape

Sui is a new Layer 1 blockchain that aims to support Web3 and NFTs. It is a permissionless, PoS-powered blockchain that provides instant settlement and high throughput while also enabling a wide range of next-generation latency-sensitive decentralized applications.

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Stacks 2.1 deployed: Is BTC the catalyst STX needed all along

The Bitcoin layer one (L1) settlement project upgraded its network to a new version. The king coin seems to have played a significant role in the STX performance, as it tapped an overbought levThe post Stacks 2.

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SWIFT to Conduct More Tests With CBDC Project

The banking network will now look at applications like securities settlement and trade finance

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XRP NFT sales set new record

According to recent reports, the currency exchange, real-time-gross settlement system, and remittance network, XRP has acquired exponential rise and a record in NFT sales. This is a result of their user base. 

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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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