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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.

Major Banks Perform Successful Test of Smart Contracts in CDS Market

Posted on Apr 7, 2016

Four major banks, the DTCC, and Markit have announced the completion of a successful test of the use of distributed ledger technology and smart contracts to manage post-trade processes in the credit default swaps market.

Four Banks, DTCC, Markit Complete Blockchain Test for CDS

Posted on Apr 7, 2016

Four of the world’s biggest banks, along with the Depository Trust and Clearing Corp. (DTCC) and data vendor Markit, collaborated with Axoni, a blockchain infrastructure provider, to successfully complete a series of tests using blockchain technology and smart contracts for post-trade lifecycle events of standard North American single-name credit default swaps (CDS).

7 Wall Street Firms Test Blockchain for Credit Default Swaps

Posted on Apr 7, 2016

Seven firms representing various stakeholders in the credit default swaps trading process today announced they successfully tested replicating the process using blockchain technology.

Bitcoin’s Blockchain Technology Proves Itself in Wall Street Test

Posted on Apr 7, 2016

Banks including J.P. Morgan Chase & Co. and Citigroup Inc. have successfully tested the record-keeping technology behind bitcoin on credit-default swaps, a move that could help it gain a foothold in mainstream finance.