Tag Archives: Settlement

Russia’s Sberbank Uses Smart Contract to Settle Three-Way Repo Deal

State-owned Russian bank Sberbank has completed a repurchase agreement, or repo, using blockchain technology. The bank announced Thursday that, with participation from Region Brokerage Company and the country’s National Settlement Depository (NSD), it settled the “world’s first” three-way over-the-counter (OTC) repo using a smart contract. In a repo, securities are sold to an entity, with the seller agreeing to… Read More »

Singapore Central Bank ‘Demonstrates’ Value of Blockchain With Tokenized Assets

The Stock Market and Central Bank of Singapore have successfully developed a blockchain-based settlement system for tokenized assets in partnership with some big names like Nasdaq, Anquan Capital, and Deloitte. Singapore Central Bank Seeks Faster Settlement Bitcoinist reported earlier in August that the Monetary Authority of Singapore (MAS), which is also the city-state’s de facto Central Bank, as… Read More »

Singapore’s Central Bank, SGX Develop Blockchain Settlement System

The Monetary Authority of Singapore (MAS) and the country’s stock exchange, Singapore Exchange (SGX), have developed a settlement system for tokenized assets that can work across different blockchains. Announced by the nation’s Ministry of Communications and Information in a press release on Sunday, the newly completed delivery versus payment (DvP) system utilizes smart contracts to simplify post-trade processes… Read More »

Nine Japanese Banks to Trial Blockchain Settlement Using Fujitsu Tech

Nine Japanese banks are teaming up to trial a blockchain-based inter-bank settlement system using Fujitsu technology. IT giant Fujitsu announced in a press release Monday that it has been chosen as an “application development vendor” for the field trial that will use a custom digital currency to attempt to achieve low-cost transfer of small-scale transactions using real-time gross settlement.… Read More »

SETL Granted License to Run Blockchain in Europe’s Securities Settlement System

U.K.-based startup SETL was granted a license from the Autorité des Marchés Financiers, the French financial watchdog, to run a blockchain-powered central securities depository (CSD).Blockchain Settlement Startup Promises to Help Cut Collateral Held up in Payment SystemsAs one of Europe’s biggest securities settlement systems, France will be at the forefront of “market plumbing” processes, where cash is exchanged for securities.SETL… Read More »