Chainlink, UBS Asset Management, Swift Complete Pilot to Extract Cash From Tokenized Funds
[Nov 5 4:38 PM] The pilot was run as part of the Monetary Authority of Singapore's Project Guardian.
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Swift, UBS, Chainlink pilot tokenized fund settlement
[Nov 5 12:52 PM] Swift, UBS and Chainlink aim to modernize traditional finance by enhancing tokenized fund processes with blockchain.
Latam Insights Encore: Brazil’s Determination to Build a New Financial System Will Guide BRICS Toward a Common Currency Agreement
[Oct 28 9:35 PM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how Brazil’s firm determination to push the world toward a multipolar financial…
BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages
[Oct 26 4:30 AM] The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able…
Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar
[Oct 24 3:30 AM] The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which…
Chainlink co-founder unveils blockchain payments for TradFi
[Oct 23 11:22 AM] Chainlink and Swift will introduce a new blockchain integration, simplifying digital asset settlement for financial institutions using existing infrastructure.
Chainlink Partners With Major Financial Players to Improve Corporate Actions Data Reporting Using AI and Blockchain
[Oct 21 7:00 PM] Automating and standardizing corporate actions data could help significantly reduce operational inefficiencies that currently cost businesses millions of dollars every year due to errors and manual data processing, the report said.
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
[Oct 19 2:30 AM] A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s…
Expert Dissects $60 Forecast For XRP Price, Institutional Investors Are The Key
[Oct 12 10:00 PM] A particular crypto analyst has boldly predicted that XRP price could rise to $60, driven by the influx of demand and capital from institutional investors as it taps into the market share or daily volume of the SWIFT, a global messaging solution…
Swift to Pilot Digital Asset and Currency Transactions in 2025
[Oct 6 11:30 PM] Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital…
Banks to join SWIFT digital asset trials in 2025
[Oct 3 10:02 AM] SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its upcoming digital currency trials in 2025.
41 firms join BIS Project Agora to advance unified ledger applications
[Sep 16 8:41 PM] The large private companies will work with seven central banks on improving structural inefficiencies in international transfers.
Swift Unveils Plan to Integrate Digital Assets and Currencies Into Global Payment Network
Largest Japanese Banks to Use SWIFT-Linked Stablecoin System for Cross-Border Payments
[Sep 7 4:30 AM] The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology, linking it to SWIFT to…
Latam Insights Encore: El Salvador’s Proposal Opens the Door for Crypto-Based International Settlements
[Aug 5 10:30 PM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the recent proposal from El Salvador to settle their trade transactions with…
BRICS Advances Toward Independent Digital Payment Platform, Russian Official Says
[Aug 3 10:16 PM] The BRICS economic bloc is progressing towards a digital payment platform, Russia’s Federation Council Speaker Valentina Matviyenko has revealed. The initiative, named BRICS Bridge, aims to establish an independent financial system. This…
Russian State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality
[Jul 27 7:20 PM] Alexander Babakov, Deputy Chairman of the Russian State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new…
EU Targets Crypto Asset Providers Accused of Aiding Russia in Warfare Against Ukraine
[Jun 26 5:20 AM] The most recent European Union sanctions against the Kremlin prohibit Eurozone operators from engaging with crypto asset providers that facilitate transactions supporting Russia’s defence-industrial base. Additionally, the new sanctions regime…
Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent
[Jun 2 2:20 PM] Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the…
Celo integrates Chainlink's CCIP interoperability protocol
[May 29 11:40 AM] The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.
Chainlink-SWIFT Partnership Update Looms: LINK Is Set To Skyrocket
[May 27 2:30 AM] As the Consensys 2024 conference commences this week in Austin, Texas, the LINK community is abuzz with anticipation over a potential pivotal announcement from Chainlink in collaboration with SWIFT. Speculations are rife that this announcement, set…
Mastercard, Visa, JPMorgan, and Other Major Banks Explore Tokenized Asset Settlements
[May 9 3:20 PM] Several major financial firms are collaborating to test the benefits of shared-ledger technology for jointly settling tokenized assets like commercial bank money and various securities. The initiative, known as the Regulated Settlement Network, is…
U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions
[May 8 3:00 AM] Major stakeholders in the U.S. financial sector, including Citi, JPMorgan, Mastercard, Swift and Deloitte, are teaming up to explore sharing ledger technology by simulating multiasset transactions in dollars.
SWIFT Plans to Launch CBDC Interconnection System in Next Two Years
[Mar 29 1:21 AM] SWIFT, the network that provides the messaging system for cross-border banking settlements, has announced plans to launch a CBDC equivalent of its current network in the next two years. The organization recently completed a 6-month test to assess…
Kazakhstan central bank reviews digital tenge pilot successes, next steps
[Dec 15, 2023 3:35 PM] The digital tenge has been used for everything from free school lunches to tokenizing gold, and there’s more to come.
Russian President Putin: Western Financial System Dying, Major Western Banks Will Be Deprived of Their Monopoly
XRP Price Could Hit $10,000 If It Overtakes SWIFT, Pundit Suggests
[Nov 24, 2023 8:00 AM] Edward Farina, Head of Social Adoption at XRP Healthcare, recently proposed a scenario where the price of XRP could potentially surge to $10,000. His projection is based on the possibility of the token as a bridge currency and RippleNet replacing…
A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets
[Oct 20, 2023 12:00 AM] The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still…
Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event?
[Oct 11, 2023 1:30 PM] LINK outperformed most cryptocurrencies in September, but the recent correction raises questions on the sustainability of the bullish momentum.
Russian Banker States SWIFT ‘Needs to Be Killed’
[Oct 3, 2023 3:30 AM] Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.”…