Paxos’ DLT Settlement Platform Is Live With Credit Suisse and Instinet

Paxos, a New York-regulated financial firm and the issuer of a USD-pegged stablecoin, has launched its blockchain-based settlement platform. After announcing Paxos Settlement Service in late 2019, Paxos Trust Company has launched the product to settle select United States-listed equity trades between the two broker-dealers, Swiss financial services firm Credit Suisse and Nomura Group-owned Instinet, according to a Feb. 20 announcement. Paxos to apply with the SEC for clearing agency registration later in 2020 As reported, Paxos Settlement Service is being launched under no-action relief from the U.S. major financial…

Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto

The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November. The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and business-to-business transactions in 10 seconds or less via mobile phone, internet banking, or select ATMs.  According to a press release published Feb. 20, It is mandatory for all financial and payment institutions licenced by the BCB to provide their 500,000 active customer accounts with the functionalities required to facilitate PIX transfers. The release states that transactions will be…

National Stock Exchange of Australia Plans DLT Platform to Compete with ASX

Australia’s primary stock exchange could soon have a new blockchain-based rival. National Stock Exchange of Australia owner NSX Ltd. and financial institution iSignthis (ISX), both publicly listed companies, announced Thursday that they are forming joint venture to offer a digital securities trading platform. Called ClearPay, the new entity will offer a platform will be based on distributed ledger technology (DLT) and provide same day, delivery versus payment (DVP) settlement. iSignthis will integrate its “know your customer’s customer” security and other solutions with the platform.  The firms said they intend for…

Enjin Launches Game Development Platform on Ethereum

Enjin has announced the launch of its game development platform on ethereum, enabling potentially millions of developers to integrate crypto assets into games and apps with no knowledge of writing blockchain code. The company announced the news Tuesday, saying the Enjin Platform allows game engineers to take advantage of decentralized inventory, to integrate blockchain-based gaming and non-gaming assets, and to manage economic game play mechanics. “Our platform is designed to integrate seamlessly into new and existing games alike, providing a competitive edge to studios of all sizes and across all…

Poloniex Platform Masters Russian Language After Leaving US Market

Russia is apparently becoming a more attractive market for cryptocurrency firms as another major crypto platform is adding Russian language support. Poloniex, a popular crypto exchange originally based in the United States, has begun adding the Russian language on its platform just three months after leaving the U.S. market. Announcing the news in a Feb. 13 blog post, Poloniex said that it had started introducing a “partially localized” version of Poloniex for Russian speaking users. The exchange noted that the currently presented Poloniex interface in Russian is just a starting…

Chinese Startup Donates $14K to Fight Coronavirus While Launching a Blockchain Data Platform

Chinese startup FUZAMEI has rolled out a philanthropy-focused blockchain-based platform for tracking and managing data. Dubbed “33 Charity,” the platform is designed to boost the transparency and efficiency of businesses’ internal processes, including charitable organizations, according to a press release published on Feb. 7. The platform appears to be a shared network where organizations can register, store and manage information about individuals. Improving the social trust system Donors and recipients are able to make requests under their own names, while medical institutions can apply for certificates of authority through identity…

Blockchain Payments Platform Paystand Raises $20M in Series B Round

Paystand has successfully raised $20 million in its Series B funding round, VentureBeat and others reported on Feb. 6. The company will use this money to accelerate the growth of its blockchain-based commercial payment platform. The current round includes investment from DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures and Wildcat Ventures. Existing investors Leap Global Partners, BlueRun Ventures and others also participated. The company will use the funds to expand its teams in Scotts Valley, California and Guadalajara, Mexico, as well as funding the expansion of its product lines.…

Platform Allowing Trading of Crypto in Custody Completes First $100K Transaction

A new institutional settlement solution that allows clients to trade directly from their custodial accounts has completed its first transaction. Digital asset trading infrastructure provider SettleBit announced this week that it had successfully transferred $100,000 in bitcoin from Prycto Digital to CMT Digital in roughly 10 minutes using a claimed first-of-its-kind settlement layer to facilitate a transfer that kept digital assets in BitGo’s cold storage. SettleBit is the first settlement layer to be directly integrated into custodian, according to CEO Leor Tasman, who is also one of the founders at…

Sony VC Fund Joins ‘Over $14M’ Funding Round for Digital Asset Platform Securitize

A venture capital fund under the management of Sony Financial Ventures (SFV) and Japan-based VC firm Global Brain has invested an undisclosed amount in security token issuance platform Securitize. Announcing the news in a press release Tuesday, San Francisco-based Securitize said the “strategic fundraise” came via corporate VC fund SFV GB L.P. as an extension of the firm’s ongoing Series A round. Securitize previously announced that the round had raised $14 million back in September 2019, when MUFG Innovation Partners, Santander InnoVentures and others invested. And, in November, Japanese financial…

Platform Will Support More Cryptocurrencies and Possibly Lightning Network

During an exclusive interview with Cointelegraph, BitPay CEO Stephen Pair said that the platform would soon add support for more cryptocurrencies, along with a possible Lighting Network integration. While Pair was unable to disclose which cryptos would be added to the platform next, he mentioned there’s focus on the top performing blockchains with the highest market capitalization. He said: “I’m not going to specifically name which ones we will add, but you can look at CoinMarketCap to see all the top blockchains and come up with good guesses in what…