R3
The International Swaps and Derivatives Association (ISDA) and R3 have collaborated with Clifford Chance, Jones Day, Linklaters and McCann FitzGerald to publish four new whitepapers that analyse the legal issues associated with using smart derivatives contracts on distributed ledger technology (DLT). Use of new technologies has the potential to significantly increase efficiency and reduce costs for derivatives […]
Enterprise software firm R3 has called for a new, broader approach to digital transformation, which targets entire industries, rather than individual companies. Citing a Broadridge Next-Gen Technology Pulse Survey which found that 97% of companies have benefited from technologies that enable digital interaction and that 99% of companies are now changing their technology strategy and […]
There is a controversial start to this week’s podcast as P&L’s managing director Colin Lambert ponders whether the US really does have an “innocent until proven guilty” ethos in its legal system, before debating whether a firm, no last look, order book can really be spoofed? He argues “intention to deal” is fairly easy to […]
Nasdaq has entered into a long-term, non-exclusive, collaboration agreement with enterprise software firm R3, under which it will leverage R3’s enterprise blockchain software Corda, along with professional services and support in building full lifecycle solutions for digital assets market places. By tapping Corda Enterprise, Nasdaq says it can bolster its broader platform and partnership strategy […]
Thirty-two banks in Italy have gone live with one of the first real-world deployments of enterprise blockchain technology in interbank financial markets. The Spunta Banca DLT app for interbank reconciliation has been built by the Italian Banking Association (ABI) on R3’s Corda Enterprise platform. “This heralds one of the most significant real-world digital transformations in […]
R3, the enterprise blockchain software firm, has appointed former IBM and Amazon Web Services (AWS) executive, Dorothy Copeland, as global head of partner ecosystem and alliances. Copeland joins R3 following a tenure at IBM where she was responsible for ecosystem partner sales, programs and business development. At IBM, she led the company’s partner business function […]
Profit & Loss recently reported on a new venture designed to settle FX swaps via blockchain-based technology. Galen Stops takes a closer look at the genesis and the mechanics of this solution. Having worked in liquidity management at Bank of Ireland and then UBS, Brian Nolan observed firsthand how the regulatory expectations around intraday liquidity […]
Fnality and Finteum are partnering to deliver a blockchain-based solution for settling FX swaps transactions. Finteum leverages R3’s Corda platform to create a global financial market for intraday liquidity. It aims to give market participants a shared data record of their orders and trades, meaning that settlement will not fail and it will be easier […]
It is something of an attention-grabber when someone who builds solutions on distributed ledger technology (DLT) says, “We are not a blockchain company”, however that is exactly how Tim Grant, co-founder and CEO of DrumG, starts our conversation. “We are a company that builds on blockchains; not one blockchain, but the right one – we build ledger appropriate solutions,” he explains. “We would never say ‘our blockchain is better than yours’. What we say is ‘our ability to choose the right blockchain and build on it, is better than yours’ – there’s a significant difference.”
CLS has made a strategic investment in R3 and is planning to explore how Corda, R3’s enterprise blockchain platform, can be deployed to improve efficiencies for its members.
David Rutter, CEO of R3, comments: “CLS is critically important to the functioning of one of the most important markets in the world. It is absolutely right that major infrastructure players like this look to technologies such as blockchain to continue making their products and services faster, easier, safer and more cost-effective for the end user. CLS’s investment is testament to Corda’s position as the enterprise blockchain platform of choice for the financial services industry. We look forward to working with them.”
