French Court Clerks to Use IBM Blockchain Platform for Corporate Registry

French commercial court clerks will use a blockchain-based platform to record changes in companies’ legal status within the country. The development was revealed in an official announcement on March 14. The blockchain network was jointly developed by IBM and the National Council of Clerks (NCC) and will reportedly be deployed starting in 2019 by the clerks operating in commercial courts across France. The blockchain platform is built on the Hyperledger Fabric framework and aims to increase transparency and efficiency in legal transactions associated with the lifecycle of companies in the…

Crypto Platform DX.Exchange Adds Secondary Trading of Security Tokens

DX.Exchange, an Estonia-based platform that soft-launched in January, has opened its market to secondary trading of security tokens.  Announced today, the exchange now allows companies to list their security tokens previously issued on other platforms. Institutional investors in Europe can purchase the tokens on the exchange for fiat, bitcoin, ether, tether and XRP. However, to start with, only one such token will be listed on DX.Exchange – its native IGWT token. Eventually, the platform’s co-founder Daniel Skowronski told CoinDesk, the company will roll out its own technology for asset tokenization, but for now,…

Startup Finturi Raises $2.2 Million for Its Blockchain-Based Invoice Finance Platform

Dutch blockchain startup Finturi has secured 2 million euro ($2.2 million) to enable businesses to secure loans against invoices via blockchain tech, the company tweeted on March 12. Founded in September 2018, Finturi aims to help businesses finance invoices by linking them with financiers to borrow money against invoices, using blockchain and artificial intelligence (AI), according to a report by startup-focused publication EU-Startups.com on March 11. Finturi has reportedly raised its first investment via an angel round led by NetSam Participaties BV, which evidently participated in an investment round for…

HSBC Seeks Banking Partners in South Korea to Launch Voltron Blockchain Platform

United Kingdom-based banking giant HSBC is seeking banking partners in South Korea to deploy the blockchain platform Voltron in the country, Korean news outlet The Korea Times reports on Tuesday, March 12. As reported, Voltron is a platform that enables companies to process and settle their trading invoices via blockchain. The solution was launched in October 2018 by blockchain consortium R3 and eight banks — including HSBC, ING and Standard Chartered — and is currently at the pilot stage. HSBC’s Innovation Director on Blockchain Joshua Kroeker, cited by The Korea…

Overstock’s Blockchain Subsidiary Acquires Stake in Blockchain Banking Platform

Retail giant Overstock.com, Inc.’s blockchain subsidiary, Medici Ventures, has acquired a stake in blockchain banking platform Bankorus, according to a press release published on March 11. Medici Ventures has purchased a 5.1 percent stake in Bankorus, a blockchain banking platform that enables both individuals and institutions to buy, sell, lend and store digital assets. Jonathan Johnson, president of Medici Ventures, said that “the addition of Bankorus to Medici Ventures’ portfolio of companies will further our work in building the foundation of a blockchain-based technology stack for society.” The financial details…

CFTC Requires Trading Platform to Pay $990K for Illegal Bitcoin-Related Transactions

The United States Commodity Futures Trading Commission (CFTC) has announced Monday, March 11, that international securities dealer 1pool Ltd. and its CEO Patrick Brunner must pay a total of $990,000 for illicit Bitcoin (BTC) transactions with U.S. customers. The Marshall Islands-based startup, which was offering BTC-funded security-based swaps, and its owner have been fined for illegally offering BTC-margined retail commodity transactions to U.S. investors. Moreover, the CFTC states that 1pool Ltd. failed to register as a futures commission merchant and did not comply with the required Anti-Money Laundering (AML) procedures.…

Fidelity’s Digital Asset Platform Goes Live With Select Clients

Fidelity Digital Assets, the digital currency wing of United States financial services giant Fidelity, is now live with a select group of clients, the firm announced on March 8. In a tweet, the firm wrote: “We are live with a select group of eligible clients and will continue rolling out slowly. Our solutions are focused on the needs of hedge funds, family offices, pensions, endowments, other institutional investors.” Fidelity had previously announced at the end of January that the platform was in its final testing stages of its new digital…

OKEx Lists Tron on Customer-to-Customer Trading Platform

Malta-based cryptocurrency exchange OKEx has began listing Tron (TRX) on its customer-to-customer (C2C) trading market, according to a press release shared with Cointelegraph on March 7. OKEx’s decentralized C2C trading platform enables users to trade digital assets directly with each other, much like a peer-to-peer (p2p) model. On the platform, users are able to place orders with self-selected exchange rates and payment methods including cryptocurrencies and fiat currencies such as British pounds, Chinese renminbi, Vietnamese dong, Russian rubles and Thai baht. Following the listing, the exchange will launch several promotional…

Thai Petroleum Company Tests Blockchain Energy Trading Platform

Thai petroleum refining firm Bangchak Corporation Public Co. Limited (BCP) is testing a blockchain-based energy trading platform and commercial microgrid, distributed energy news site Microgrid Knowledge reports on March 7. BCP is testing the new platform at a shopping mall attached to one of its fuel stations in Bangkok. The new system will purportedly combine 280.9 kW of commercial rooftop and canopy solar photovoltaics with 913 kWh of lithium-ion, nickel-manganese-cobalt oxide and 92 kWh of lithium-iron-phosphate battery energy storage capacity. In other words, the microgrid generation and distribution platform will…

Leading Social Investing Platform EToro Launches Crypto Services in 31 US States

Exchange and social network for investors and traders eToro has launched its cryptocurrency trading services in the United States, according to a press release shared by the company with Cointelegraph on March 7. The exchange, which — per the release — has over 10 million registered users, will start facilitating the trade of 13 unspecified crypto assets and release a cryptocurrency multisignature wallet to customers in 31 U.S. states and territories. The wallet will support Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Stellar (XLM) and Ripple (XRP), and…