Fintech and Blockchain Startups 13

Fnality International Launches Sterling Fnality Payment System, Revolutionizing Wholesale Payments with Blockchain Technology

Fnality International has launched the first phase of its Sterling Fnality Payment System (£FnPS), a distributed ledger technology (DLT)-based wholesale payment system. The system allows banks to transfer British pounds by combining the benefits of blockchain technology with central bank-issued currency. The £FnPS is a collaborative effort between Fnality, UK regulators, and initial bank participants, […]

Tokeny Secures Strategic Investment from Apex Group, Strengthening Financial Tokenization Platform

Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial tokenization sector. Apex Group, with over 12,000 employees and assets under management exceeding $2.75 billion, is known for its expertise in fund management and is backed by […]

Tokeny Secures Strategic Investment from Apex Group, Strengthening Financial Tokenization Platform

Ripple Releases White Paper on Central Bank Digital Currencies

Ripple, a blockchain company, has released a white paper on central bank digital currencies (CBDCs), reaffirming its support for them. The 23-page document explains the basics of CBDCs, their benefits, and the challenges to their widespread adoption. Ripple believes that CBDCs can enhance financial inclusion, streamline cross-border payments, and strengthen monetary policy control. However, the […]

Regulators Warn of Risks in Unsupervised AI Adoption for US Financial System

A panel of regulators has raised concerns about the rapid adoption of artificial intelligence (AI) and its potential risks for the United States’ financial system. The Financial Stability Oversight Council, chaired by Treasury Secretary Janet Yellen, highlighted these risks in its annual financial stability report.While acknowledging the benefits of AI in driving innovation and efficiency […]

Nasdaq Shifts Focus to Carbon Markets with Blockchain Technology

Nasdaq, the largest stock exchange in the US, has decided to repurpose its blockchain technology developments after discontinuing its plans to launch a custodian business for digital assets due to regulatory concerns. Despite this setback, Nasdaq remains focused on expanding its technology services related to tokenized assets.The new strategy for Nasdaq involves using its blockchain […]

Ledger’s Connector Library Breached, Posing Significant Risk to Wallet Users

In a major security breach, hackers have targeted Ledger’s connector library, compromising numerous decentralized applications (dApps) that rely on Ledger’s technology. This breach has put Ledger wallet users at risk of theft and has exposed severe vulnerabilities in Ledger’s systems.The attack involved hackers replacing Ledger’s connector library with a corrupted version, allowing them to hijack […]

Zurich Startup Rulematch Partners with Luzerner Kantonalbank to Launch Exclusive Crypto Trading Platform for Financial Institutions

A former top manager of Credit Suisse and Bitcoin Suisse has launched a new cryptocurrency trading platform called Rulematch, with the support of Luzerner Kantonalbank. The Zurich-based startup is exclusively targeting institutional investors and has already begun trading Bitcoin and Ether. The platform currently has seven banks and securities firms as its initial participants, including […]

Teylor and Taurus Partner to Tokenize SME Loans and Provide Monthly Cashflows

Teylor, a German fintech firm, has partnered with digital asset infrastructure provider Taurus to tokenize small and medium enterprise (SME) loans. Through Teylor’s credit platform, SME loans will be originated and managed, while a portion of the credit portfolio will be tokenized on the Taurus infrastructure and TDX-regulated marketplace. This allows professional private debt investors […]

Teylor and Taurus Collaborate to Launch Blockchain-Based Securities for SME Lending

Teylor, a European SME lending company, and Taurus, a crypto startup, have joined forces to launch a blockchain-based security that aims to make SME loans accessible as an asset class. Previously, it has been relatively difficult for investors to invest in SME loans. The Zurich-based Teylor grants and manages SME loans through its credit platform. […]