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A reliable way to settle fiat currency transactions on blockchain is the biggest obstacle holding back the financial services industry from realising the benefits of blockchain. More and more organisations are coming up with solutions, so where are the banks?
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When all you have is a hammer, everything looks like a nail. For hardcore blockchain enthusiasts there is no end to the list of things that can be tokenised, although capital markets bankers might feel the process is less revolutionary than the techies seem to think.
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The World Bank’s first attempt at a blockchain bond raised A$110m ($80m) of two year paper in a public deal — created, allocated and settled using blockchain technology.
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German exchange group Deutsche Börse has bought a minority stake in fintech company HQLAx and says that it is “likely to acquire further shareholdings” at the end of the year.
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Venezuela's petro seems destined to hang around like a bad smell rather than drifting into obscurity, as it deserves to. The country's president Nicolás Maduro has made it the basis of his country’s economy. It is an utter farce.
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World Bank is preparing to launch a bond on the blockchain — the first ever publicly issued deal to be created, allocated and settled entirely using blockchain technology.