ASX Gives Digital Asset’s Technology Green Light to Replace CHESS

ASX today announces its intention to replace CHESS using distributed ledger technology (DLT) developed by its technology partner Digital Asset (DA) CHESS (Clearing House Electronic Subregister System) is the system used by ASX to record shareholdings and manage the clearing and settlement of equity transactions in Australia. It was world-leading when introduced in the 1990s, providing name-on-register…

Cambridge Blockchain Raises $2 Million

Cambridge Blockchain Raises $2 Million for Digital Identity Enterprise Software; Investors Include Partech Ventures and Digital Currency Group Cambridge Blockchain, LLC announced the closing of a $2 million convertible note today, with participation from leading technology investors Partech Ventures and Digital Currency Group. The funds will be used to accelerate deployments of Cambridge Blockchain’s digital…

DTCC & Digital Asset Move to Next Phase

DTCC & Digital Asset Move to Next Phase After Successful Proof-Of-Concept for Repo Transactions Using Distributed Ledger Technology New Stakeholder Working Group will lead work to gather service requirements for Phase Two in $3 trillion per day market The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services…

2016 Fintech Innovation Lab participant AlphaPoint

2016 Fintech Innovation Lab participant AlphaPoint has completed a proof of technology trial with Canada’s Scotiabank Blockchain services firm AlphaPoint has completed a proof-of-technology trial of its blockchain platform for Canada’s Scotiabank. The AlphaPoint Distributed Ledger Platform (ADLP), which was deployed over a multi-month project, allows for the digitizing of assets, creation of trade venues,…