Distributed-ledger technology
Post-trade still struggling from underinvestment, but purse strings are opening
Bloomberg, Broadridge, BNP Paribas, and a handful of startups are working to address manual processes in the back office.
Waters Wrap: Big Tech, exchanges and a rapidly evolving market
Following LSEG’s partnership with Microsoft, Anthony talks with some industry participants to explore what this might mean for exchange tech going forward.
Blockchain startup Symbiont files for bankruptcy
Clients included American Century, Citi, State Street and Vanguard
Broken chains: how DLT code switch compounded ASX fail
Sources say that vendors will suffer the most in the fallout from ASX’s “paused” blockchain settlement project.
Where does Pyth fit in?
A small number of exchanges have joined the Pyth Network. Nyela wonders whether the on-chain data distribution model fits in with the swift rise of data marketplaces.
Waters Wavelength Podcast: Episode 257 (DLT loses favor)
This week, Shen and Tony talk about the usability of distributed ledger technology as a solution for capital markets firms.
Waters Wrap: ASX’s Chess DLT meets calamitous fate—what can be learned?
The future of exchange technology resides in the cloud…not blockchain. Anthony says ASX proved this with its Chess replacement project.
Will there ever be one TR to rule them all? No chance…
A wave of regulatory reviews is renewing interest in unified data repositories. But Josephine says a centralized utility for trade reporting is never going to happen.
DLT could give FX its ‘Netflix moment’
Blockchain’s proponents say faster settlement times make the technology akin to TV’s streaming revolution.
Waters Wrap: Fintech funding—follow the money
As funding for startups and young companies dries up due to inflation and rising interest rates, Anthony looks at some of the vendors that have received monetary infusions this year to see if there are any patterns to be gleaned.
Waters Wavelength Podcast: A tech unicorn's take on cloud and infra in the capital markets
Andy Volz, chief operating officer at capital markets fintech firm Clear Street, joins Tony on the podcast to talk about cloud and infrastructure woes in the capital markets.
Waters Wrap: After Symphony, David Gurle’s new opus looks to distributed cloud storage, compute
The creator of Perzo/Symphony has started a new company called Hive. Anthony chats with David Gurle to see how the startup will look to disrupt the cloud space.
Development bank aims for better settlement with blockchain prototype
R3 is among the companies working with the regional bank on a proof-of-concept to bring efficiencies to cross-border securities transactions.
Symphony brings Web3 to KYC with new ID service pilot
Symphony Communication Services is piloting an experimental ID service that uses Web3 and DeFi concepts to automate and reduce the burden of tasks like know-your-customer, onboarding, and reporting.
Is DLT post-trade a solution without a problem?
Sources question landmark projects' ability to use technology at scale as further delay besets ASX deployment
BlackRock calls for blockchain to fix futures processing snags
The asset manager wants the industry to move faster in adopting a “single source of truth” model.
This Week: Goldman Sachs, MSCI/MarketAxess, Cboe/ErisX, & more
A summary of the latest financial technology news.
Waters Wrap: Blockchain & Boca—A sad story
Anthony takes issue with how blockchain is still being covered in the media and at industry conferences. What else is new?
Biden approach could leave US behind on crypto regulation
Long timeline of executive order means international community may move faster than US lawmakers
Where have all the blockchain startups gone?
Building a startup is hard. Building a blockchain startup is harder. More than 10 current and former financial blockchain builders and users detail their experiences of trying to cut their teeth on a once-darling tech, and the lessons they’re still…
What the hell is Web3, anyway?
The next iteration of the internet is upon us, with the potential to deliver radical shifts to every industry, including banking. The movement, which is currently buoyed by the prospects of blockchain and virtual reality, has implications for computing,…
Vanguard eyes DLT for FX forwards after smart contract success
The fund giant hopes the roll-out of the tech in 2022 will deliver greater efficiency and pricing benefits.
In the race to institutionalize crypto, participants eye familiar tech ‘wrappers’ for new assets
Despite the development of digital assets overall, and interest in cryptocurrencies remaining strong among individual investors and niche firms, widespread institutional adoption remains muted. Wei-Shen Wong looks at the tools being developed to support…
From overhype to practical use cases: the DLT projects that gained ground in 2021
WatersTechnology reflects on some notable distributed ledger technology projects.