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).