Blockchain is full of promise, cryptocurrency perhaps less so, and tokenization is already shifting what it means to “own” an asset. In a speech delivered this week by Travis Hill, vice chairman of the Federal Deposit Insurance Corp. (FDIC), at the Mercatus Center, the call was...
Proponents of blockchain’s underlying technical capabilities are determined to shake off its cryptocurrency-centric associations. In large part by finding historical opportunity areas within the traditional financial sector that digital assets were originally designed to replace. After all, the technology’s innovative capability for storing and moving...
Citigroup has partnered with Wellington Management and WisdomTree to explore the tokenization of private markets. The collaboration successfully completed a proof of concept on the Avalanche Spruce institutional test Subnet, demonstrating the potential of smart-contract capabilities to bring new functionality and operational efficiencies, the companies...
Distributed ledger technology (DLT) has long been promised to upend traditional financial services. The common refrain has been that blockchain would do so by disintermediating everything that banks do — from settlements to extending credit to investing, and even to sending and storing money. The...
March 30, 2018
Is there a buzzier word than blockchain? Attempting to cleave hype from hope and reality from the headlines, PYMNTS’ Karen Webster spoke with Michael Ting, SVP of Digital Markets for Hyperwallet, to move beyond the buzz. The first step in separating fact from fiction: defining blockchain. Ting offered his own take, stating that “the simplest […]
February 14, 2024
Citigroup has partnered with Wellington Management and WisdomTree to explore the tokenization of private markets. The collaboration successfully completed a proof of concept on the Avalanche Spruce institutional test Subnet, demonstrating the potential of smart-contract capabilities to bring new functionality and operational efficiencies, the companies said in a Wednesday (Feb. 14) press release. Private markets, […]
December 14, 2023
Blockchain ledger-based payments platform RYVYL has partnered with distributed ledger technology firm R3. The collaboration, announced Thursday (Dec. 14), comes in the form of “RYVYL Block,” described by the companies as a “Blockchain-as-a-Service” platform....
July 10, 2023
Standard Chartered has raised its bitcoin price predictions after seeing increased miner profitability. The bank now projects the crypto asset to reach a price $50,000 by the end of 2023...
October 05, 2022
A study analyzing the international use of central bank digital currencies (CBDCs) and the underlying distributed ledger technologies (DLTs) shows promise for cross-border interoperability among countries with varying and emerging...
