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IBM Partners with Wall Street to Bring Blockchain to CDS Market

Posted on Jan 9, 2017

Wall Street’s largest back-office processing service is partnering with IBM to upgrade how payments and record-keeping for credit-default swaps are handled by putting the system on a blockchain by early next year.

DTCC Partners With IBM, Startups For Blockchain-Based Credit Default Swaps Solution

Posted on Jan 9, 2017

In a step toward turning blockchain from hype to reality, the Depository Trust and Clearing Corporation (DTCC), the central bookkeeper for Wall Street’s securities trades, announces it has selected IBM and two blockchain startups, Axoni and R3, to develop distributed ledger software for its post-trade processing.

Wall Street Backs Blockchain for Savings on Derivatives

Posted on Jan 9, 2017

A big Wall Street middleman is bringing in the technology behind the digital currency bitcoin to try to save banks tens of millions of dollars on fees for derivatives trades.

Firms Led by JPMorgan Test Blockchain-Powered Equity Swaps Post-Trade

Posted on Oct 18, 2016

NEW YORK (Reuters) – Eight financial services companies led by JPMorgan Chase & Co and Barclays Bank Plc [BARCR.UL] have completed the test of an equity swaps post-trade transaction using blockchain technology and smart contracts, financial technology firm Axoni said in a statement on Tuesday.

In Recent Test, Blockchain Brings Transparency to Notorious Credit Default Swaps

Posted on Apr 8, 2016

On Thursday, Wall Street’s bookkeeper announced that it had successfully tested blockchain technology to manage single-name credit default swaps (CDS) among four big banks: Bank of America Merrill Lynch, Citi, Credit Suisse, and JP Morgan.

Axoni CEO Hails Blockchain ‘Success’ in 85 Test Cases

Posted on Apr 8, 2016

Greg Schvey, CEO of Axoni, discusses the recently completed blockchain test for credit default swaps conducted with four banks.