Landmark pilot from Digital Asset’s Canton Network involving 45 organisations across 22 permissioned blockchains invited participants across 45 organisations to try 22 dApps to exchange tokenised securities, money market funds, and deposits across applications.
Landmark initiative between some of the largest organisations across the capital markets creates a ‘network of networks’ allowing siloed systems to interoperate while balancing the decentralisation with privacy and control.
The new network will handle tokens in a co-ordinated single operation to achieve real-time settlement between any regulated institution’s customers.
As an advocate for blockchain and digital assets, the incoming board member will help drive Digital Asset’s vision to build the global economic network.
Agreement shows industry appetite for building end-to-end tokenisation capabilities and Digital Asset’s growing role in the capital markets as an underlying software provider.
HKEX Synapse, unveiled in November last year, will enable asset managers, custody and clearing banks to handle the growing volume of trades though Stock Connect into China.
Clients will be able to leverage applications in the multi-party application platform Daml and connect them to the Nasdaq platform under Digital Asset partnership.
ASX, Digital Asset and VMware are looking to extend the use of blockchain technology in financial services in Australia and New Zealand.
ASX is working to replace its equities clearing and settlement system with blockchain technology.
New tool will assist developers in implementing ISDA common domain model in solutions for trading and managing derivatives.