News list for " Settlement System"
According to Bloomberg, German automaker BMW AG has started using a blockchain-based system to automate some foreign exchange transactions, as companies increasingly look to leverage the technology behind cryptocurrencies to accelerate and streamline the multi-billion-dollar cross-border transfer process. The company uses JPMorgan Chase & Co.'s Kinexys platform, which automatically transfers euros from BMW's New York dollar account when the balance falls below a set threshold.
Securitize on Wednesday received European Union DLT pilot regulatory authorization to operate a regulated tokenized trading and settlement system, making it the only tokenized infrastructure company in both the United States and the European Union to have a license. Spain's National Securities Market Commission (CNMV) approved it to operate the system within the European Union and allow it to connect to existing U.S. infrastructure. Securitize plans to deploy the European trading and settlement ...
On November 18th, South East Asia ride-hailing giant Grab and Singapore-based stablecoin payment infrastructure provider StraitsX have signed a memorandum of understanding to jointly explore the construction of a Web3 wallet and stablecoin-based settlement layer in Asia. The partnership plans to integrate the Web3 wallet function into the Grab app, enabling users to hold and use stablecoins such as XSGD and XUSD for transactions, while allowing GrabPay merchants to accept stablecoin payments fro...
On September 18, 2025 (Monday), the People's Bank of China will invite tenders to issue the seventh installment of central bank bills in 2025 through the HKMA Central Clearing System for Debt Instruments (CMU) bond bidding platform. The seventh installment of central bank bills has a term of 6 months (182 days). It is a fixed-rate interest-bearing bond with principal and interest repayment at maturity. The issuance volume is RMB 60 billion yuan. The interest rate starts on September 24, 2025. Th...
Clearing firm Marex announced that it has integrated with JPMorgan's blockchain settlement system Kinexys Digital Payments through a partnership with Brevan Howard Digital, with the aim of modernizing payment infrastructure and reducing settlement risk by leveraging programmable, always-on digital ledger technology.
According to relevant documents, Polymarket will launch a new market settlement system later this year in response to lawsuits similar to those of Ukrainian President Zelensky.
Blockchain companies Fnality and HQLAhave announced that they have completed end-to-end testing to enable intra-day repo settlement. They plan to allow transactions on the Eurex Repo F7 system to be settled through the two blockchain networks and will go into production in the fourth quarter, subject to approval from UK regulators. Fnality, the UK-regulated system payment system, went live in December. HQLAoperates its digital collateral registry to enable intra-day collateral flows.
