LMAX Digital (a cryptocurrency exchange) has received the ‘in principle’ authorization from Gibraltar’s financial services watchdog to operate as a Distributed Ledger Technology (DLT) provider. LMAX Exchange CEO David Mercer said: “We believe regulatory input is essential for the growth of the cryptocurrency market. LMAX Exchange Group has always supported regulatory oversight.”
A securities marketplace Deutsche Boerse along with Commerzbank jointly completed the blockchain pilot for a legally binding repo transaction (short-term borrowing). Michael F. Spitz, CEO of Commerzbank’s R&D unit said “In past pilots we have focused on new issue projects; for the first time we’re able to convert existing securities into digital tokens.”
The Denmark based electricity and natural gas transmission system operator, Energinet has entered into a partnership with IOTA Foundation to test distributed ledger technology (DLT) in the Internet of Things (IoT) and energy market domains. They will be creating new products and services in the green energy system centered on using IoT devices with IOTA blockchain in back.
A formal request has been issued by the Bank of Israel where they have requested to receive for information regarding Distributed Ledger Technology (DLT). The goal of the request described as, “Regulatory Coordination of Virtual Assets, the regulators of the Israeli financial system believe that there is room to renew and strengthen cooperation and coordination among all regulators and public”
Covesting, a crypto exchange, has received a distributed ledger technology license in Gibraltar. The exchange enables users to study and analyze the market performance. The DLT license was issued by the Gibraltar Financial Services Commission (GFSC). The founder and CEO of the company believe it as a ‘huge milestone’ for the company and the community.
UPS has submitted a patent application with the USPTO, titled ‘Autonomous services selection system and distributed transportation databases’ reveal the interest of the company to integrate blockchain for storing transportation and shipment details in a DLT network. However, the UPS proposes more than one distributed ledger to track various shipment orders.
Google has associated with Digital Assets and BlockApps to provide DLT solutions on its Cloud Platform. The Digital Assets is the supplier of distributed ledger software and BlockApps provides blockchain platform for the launch of decentralized apps (dApps). The Google has already mentioned that the users would be able to test open-source integrations for Ethereum Protocols and Hyperledger Fabric.
The Bank of England (BoE) has revamped the payment system that would support blockchain technology. The governor mentioned to re-structure the RTGS system. Recently, the bank revealed the results of its proof-of-concept conducted with Baton Systems, Clearmatics, R3, and Token. The bank stressed that the functionality of the new RTGS supporting blockchain and DLT.
The financial institutions in the Philippines are eyeing on blockchain for enhancing money transfer services. The governor of the country’s central bank, Nestor Espenilla Jr emphasized on the integration of distributed ledger technology (DLT) or blockchain for wire transfers and traditional banking services at the annual convention of the Philippine Correspondent Bank Officers.
Fujitsu has recently announced to offer a five-day blockchain productization program that will be held in Europe, the Middle East, India, and Africa. The five-day program would be encouraging companies to build their ‘a minimum viable blockchain or distributed ledger technology (DLT) product.’ The Blockchain Innovation Center head mentioned, “Blockchain and DLT hold the potential to transform organizations and entire industries.”