High-Profile Consortium Completes Successful Blockchain Test for Equity Swaps

[kreslik.news]

While the mainstream financial community has seen cryptocurrencies such as bitcoin as highly problematic, an increasing number of financial institutions now acknowledge the benefits they can obtain from the blockchain technology, which manages and facilitates the exchange of such currencies.

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With this in mind, a consortium of eight big financial players announced today the successful test of blockchain technology and smart contracts to manage the post-trade lifecycle for OTC equity swaps.

The group, led by Axoni, included Barclays, Citi, Credit Suisse, J.P. Morgan, IHS Markit, Thomson Reuters, and Capco, ... (read more)