Distributed ledger technology

How cryptocurrency is changing the movement of money

02/01/21

Olaf Carlson-Wee, founder and CEO of the cryptocurrency hedge fund Polychain Capital, discusses which digital currencies and blockchain technologies are reshaping payments and which are “nonsense projects.”

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National banks may process stablecoin payments, OCC says

01/05/21

The digital currency and related distributed-ledger technologies could "enhance the efficiency, effectiveness and stability of the provision of payments," according to an interpretive letter issued by the Office of the Comptroller of the Currency.

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Avanti got a bank charter. Here’s what's next on its agenda.

11/05/20

Founder Caitlin Long says the blockchain bank plans to issue a virtual currency and help hedge funds and family offices trade digital assets now that it has a special-purpose banking charter in Wyoming.

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JPMorgan Chase reorganizes blockchain units

10/28/20

After selling the rights to its Ethereum-based technology, the bank is rebranding a venture related to cross-border payments and creating a new umbrella group to oversee all blockchain-related efforts.

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BofA adapting consumer tech for use with corporate clients

10/15/20

Bank of America is applying a familiar arsenal — including APIs and its popular virtual assistant, Erica — to online business banking, cross-border payments and cash management in an effort to modernize those services.

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ConsenSys acquires JPMorgan’s Quorum blockchain technology

08/25/20

The bank will outsource future development of Quorum to the software firm.

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Mike Cagney launches blockchain for loan trading. Will banks go for it?

08/25/20

The former SoFi chief’s latest startup, Figure, has created what it says is a transparent marketplace for buying and selling assets. Some banks have embraced the technology, but other blockchain projects have stalled because lenders don't want rivals to see their data.

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