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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.

Global Markets Operator ICAP Successfully Implements Blockchain Technology Pilot

Posted on Mar 23, 2016

ICAP, a leading markets operator and provider of post trade risk mitigation and information services with more than $1.6 billion in revenue, announced that its Post Trade Risk and Information (“PTRI”) division has successfully carried out a proof-of-technology pilot test using blockchain technology.

Interdealer Broker ICAP Completes Post-Trade Blockchain Trial

Posted on Mar 16, 2016

Interdealer broker ICAP announced today that it has completed an internal blockchain technology trial focused on securities post-trade processes.