Fintech and Blockchain Startups 24

J.P. Morgan and Apollo Global Collaborate with Avalanche to Revolutionize Asset Management through Blockchain

Onyx by J.P. Morgan, in collaboration with Apollo Global and under the aegis of the Monetary Authority of Singapore’s Project Guardian, has unveiled a proof-of-concept with Avalanche, a leading blockchain platform. This innovative venture aims to revolutionize asset and wealth management by harnessing the potential of blockchain, smart contracts, and tokenization to streamline portfolio management, […]

The Evolution of Financial Tools: From Credit Cards to Online Banking

Modern credit cards were invented in the 1950s but took time to gain widespread adoption. It wasn’t until the 1970s that clear rules for fair lending were established, eliminating discrimination. Despite initial skepticism and high levels of defaulting, consumer trust in credit cards gradually grew through regulatory oversight and value-added services. This paved the way […]

Citi Collaborates with T.Rowe Price and Fidelity International to Develop Blockchain Solution for FX Trading

Citi, in collaboration with T.Rowe Price and Fidelity International, has developed a blockchain solution for foreign exchange (FX) trading as part of Singapore’s Project Guardian. This marks a significant step in integrating blockchain technology into traditional financial systems, with the potential to revolutionize FX trading. The solution utilizes the Avalanche blockchain for streaming FX prices […]

Circle Ventures Makes Strategic Investment in Layer 1 Blockchain Sei, Expanding USDC Integration and Cross-Border Transactions

Circle Ventures, the investment arm of USDC stablecoin issuer Circle, has made a strategic investment in Layer 1 blockchain Sei. This investment includes go-to-market advice for Circle’s stablecoin infrastructure. The integration of USDC into Sei’s platform will provide developers and entrepreneurs with access to fast and instantaneous transaction settlements. This partnership will also enhance cross-border […]

Singapore’s Monetary Authority Proposes Interlinked Network Model for Digital Asset Interoperability

The Monetary Authority of Singapore (MAS) has released a whitepaper titled “Interlinking Networks” that focuses on interoperability for digital assets. The whitepaper proposes an Interlinked Network Model (INM) that can facilitate the exchange of digital assets across independent networks. This would allow financial institutions to transact with each other without being on the same network, […]

Standard Chartered Partners with FundsDLT to Offer Blockchain-Powered Transfer Service in North Africa and the Middle East

Standard Chartered Bank has partnered with FundsDLT to offer blockchain-powered funds transfer services to clients in North Africa and the Middle East. The new platform will streamline and enhance asset managers’ front-to-back solutions, addressing the challenges of manual transfer processes in the asset management industry. This partnership aligns technical and security standards, allowing Standard Chartered […]

Liberland: The Emerging Micronation At the Border of Croatia and Serbia

Liberland, a small micronation situated between Croatia and Serbia on the Danube river, is gaining attention in the cryptocurrency world. Led by its self-proclaimed president, Vít Jedlička, Liberland aims to establish a jurisdiction with minimal regulations to attract blockchain companies and operate on voluntary taxes. Bitcoin holds a significant role in the nation, with the […]

Idris Elba Collaborates with Stellar Foundation to Revolutionize Humanitarian Efforts with Blockchain Technology

The Stellar Foundation has been making significant progress this year in leveraging blockchain technology to bring about real-world changes. At the recent Meridian Conference, the foundation showcased some of its notable developments and shared future plans, including its collaboration with actor Idris Elba. Elba, known for his humanitarian work, recognized the potential of Stellar in […]

MoMA Expands Collection with Groundbreaking AI and NFT Acquisitions

The Museum of Modern Art (MoMA) in New York is making waves in the traditional art world with its recent acquisitions of groundbreaking generative art pieces. MoMA has added Refik Anadol’s “Unsupervised — Machine Hallucinations” and Ian Cheng’s “3FACE” project to its collection, marking the first-ever inclusion of artificial intelligence (AI) and nonfungible token (NFT) […]

dYdX Chain Enters Beta Mainnet Stage, Enabling Active Trading Across Multiple Markets

The dYdX Chain, a decentralized derivatives trading platform, has reached a significant milestone with the launch of its beta mainnet stage. This transition was made possible through a governance vote that received overwhelming community support. The beta stage allows for active trading across 33 markets, offering users the opportunity to engage in trading with leverage […]