Imperium Markets wants to settle money market transactions instantly

Australia’s major banks are using a new financial market that will shift settlement of term deposits for institutional investors to real-time using similar blockchain technology that the

“This is a key source of funding for the banks but a market that has been stuck in 1995 from a technology perspective,” Imperium Markets chief executive Stu Burns said. “We have built a venue where investors can send requests for quotes to multiple banks and get responses in ten minutes. It removes the manual processing.” to pilot distributed ledger technology, which will be provided by R3 Corda, including using digital currencies to create “atomic settlement”.

It is the second example of a new market structure to emerge since the failure of the ASX’s blockchain project, and is seeking to apply similar technology.

DFCRC’s partnership with Imperium will fund academic researchers to produce a peer reviewed white paper on the pilot findings that will be published in financial journals. The Reserve Bank of Australia andand has developed FinClear’s system, are among the funders of the DFCRC.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

US market ‘took fright’ ahead of rate riseCommSec’s Tom Piotrowski says the US market “took fright” on Friday as investors brace for interest rate rises this week. He said interest rate markets have been moderating and trending lower in the past couple of weeks after some “encouraging figures”. “The US Federal Reserve adjudicating on rates on Thursday morning local time and then the inflation figures midweek,” he told Sky News Australia. “They really are the high point in terms of what we have got to get through on the challenges.” Presented by CommSec. Why don’t you just be honest and tell people that majority of western governments are part of the WEF globalist agenda to crush society and ensure the rich get richer and the people poorer.
Источник: SkyNewsAust - 🏆 7. / 78 Прочитайте больше »