Big banks are launching a blockchain trade platform powered by ?Bitcoin-like? token
Companies, agencies, institutions, etc
TNW
UBS Group AG
Bitcoin
Barclays, Nasdaq
Credit Suisse Group
Banco Santander
ING
Lloyds Banking Group –
coin’
USC
The Wall Street Journal
Fnality International
WSJ
Bank of New York Mellon Corp.
Canadian Imperial Bank of Commerce
State Street Bank & Trust Co.
Commerzbank AG
KBC Group NV
Mitsubishi UFG Financial Group Inc.
Sumitomo Mitsui Banking Corp
2020.It
People
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Hyder Jaffrey
JP Morgan’s
Groups
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Physical locations
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Places
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Locations
Amsterdam
Events
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Summary
A group of financial firms led by UBS Group AG is eyeing blockchain technology for settling cross-border trades worldwide with its own “Bitcoin-like” token.The 14 firms – including Barclays, Nasdaq, Credit Suisse Group, Banco Santander, ING, and Lloyds Banking Group – have registered a new entity to control the devleopment of the token, dubbed ‘utility settlement coin’ (or USC for short), The Wall Street Journal reports.The financial giants have poured over $60 million into the new company, called Fnality International.
As said here by Mix