• Latest
Spanish Stock Exchange to Go Live With Blockchain Collateral Pledge Certificates

Spanish Stock Exchange to Go Live With Blockchain Collateral Pledge Certificates

March 14, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

Spanish Stock Exchange to Go Live With Blockchain Collateral Pledge Certificates

coinnewsdaily by coinnewsdaily
March 14, 2019
in Business
0
Spanish Stock Exchange to Go Live With Blockchain Collateral Pledge Certificates
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Bolsa de Madrid (BME), Spain’s largest stock exchange, said it expects to go live by year-end with a blockchain-based system for certifying collateral pledges after testing the technology.

The test “has shown a reduction in the total times of end-to-end processes exceeding 80 percent,” BME said Thursday, as well as the potential to radically improve the participants’ operational and risk management. The system allows market participants to avoid exchanging paper certificates and monitor the process in real time, the exchange said.

The proof of concept (PoC) was developed by BME’s own distributed ledger technology division DLT-Lab, in collaboration with regulators and other financial institutions, BME said, including BME subsidiary BME Clearing; the Spanish central securities depository IBERCLEAR; and investment bank Renta 4 Banco, which pledged collateral to cover customers’ positions.

“DLT technology allows us to reduce times drastically and improve the operation and control of the system, providing legal certainty for electronically generated certificates and maintaining privacy and compliance with the General Data Protection Regulation,” Berta Ares, head of digital transformation at BME, said in the press release.

Teresa Sánchez Alonso, head of IT systems at Renta 4 Banco, added that “this innovation project is aligned with the strategy of digitization, automation and continuous improvement of Renta 4 Banco’s customer service.”

This is not the first time BME has dipped its toe into the blockchain world: last summer it contributed to a joint pilot project of several Spanish banks named Fast Track Listing (FTL).

The pilot, testing blockchain tech for registering stock warrant issuances, also included institutions such as the Spanish National Securities Market Commission (CNMV), Banco Santander, BBVA, BNP Paribas, CaixaBank, Commerzbank and Société Générale.

Image of Bolsa de Madrid via Shutterstock 

Credit: Source link

Tags: BusinessCryptoCrypto Business
Share76Tweet48
Previous Post

Republican Leader McCarthy Proposes Blockchain Transparency in Government

Next Post

MakerDAO Weighs Fourth Fee Hike as DAI Stablecoin Remains Below $1

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
MakerDAO Weighs Fourth Fee Hike as DAI Stablecoin Remains Below $1

MakerDAO Weighs Fourth Fee Hike as DAI Stablecoin Remains Below $1

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$28,016.001.26%
  • ethereumEthereum(ETH)$1,775.811.18%
  • tetherTether(USDT)$1.00-0.67%
  • binancecoinBNB(BNB)$329.071.37%
  • rippleXRP(XRP)$0.4503410.27%
  • cardanoCardano(ADA)$0.3568090.59%
  • dogecoinDogecoin(DOGE)$0.074611-0.12%
  • matic-networkPolygon(MATIC)$1.111.90%
  • solanaSolana(SOL)$20.981.93%
  • polkadotPolkadot(DOT)$6.051.80%
  • litecoinLitecoin(LTC)$93.551.45%
  • shiba-inuShiba Inu(SHIB)$0.0000110.34%
  • tronTRON(TRX)$0.0642970.08%
  • daiDai(DAI)$1.00-0.47%
  • chainlinkChainlink(LINK)$7.261.87%
  • cosmosCosmos Hub(ATOM)$11.341.44%
  • leo-tokenLEO Token(LEO)$3.472.46%
  • moneroMonero(XMR)$161.660.34%
  • ethereum-classicEthereum Classic(ETC)$20.360.97%
  • okbOKB(OKB)$42.130.72%
  • stellarStellar(XLM)$0.0922330.84%
  • bitcoin-cashBitcoin Cash(BCH)$124.55-0.70%
  • filecoinFilecoin(FIL)$5.705.15%
  • crypto-com-chainCronos(CRO)$0.0693260.82%
  • vechainVeChain(VET)$0.0229220.01%
  • algorandAlgorand(ALGO)$0.2114071.32%
  • internet-computerInternet Computer(ICP)$5.001.29%
  • eosEOS(EOS)$1.141.67%
  • elrond-erd-2MultiversX(EGLD)$42.790.79%
  • tezosTezos(XTZ)$1.142.13%
  • aaveAave(AAVE)$72.901.50%
  • theta-tokenTheta Network(THETA)$1.020.95%
  • neoNEO(NEO)$12.351.65%
  • havvenSynthetix Network(SNX)$2.482.10%
  • paxos-standardPax Dollar(USDP)$1.00-0.63%
  • bitcoin-cash-svBitcoin SV(BSV)$37.151.25%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.750.88%
  • dashDash(DASH)$59.431.35%
  • makerMaker(MKR)$671.510.09%
  • huobi-tokenHuobi(HT)$3.680.18%
  • iotaIOTA(MIOTA)$0.2104261.71%
  • zilliqaZilliqa(ZIL)$0.0274771.44%
  • zcashZcash(ZEC)$36.291.40%
  • basic-attention-tokenBasic Attention(BAT)$0.2481184.48%
  • nemNEM(XEM)$0.0396241.50%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.130.37%
  • kusamaKusama(KSM)$33.632.89%
  • compound-governance-tokenCompound(COMP)$42.651.17%
  • bitcoin-goldBitcoin Gold(BTG)$16.47-1.03%
  • yearn-financeyearn.finance(YFI)$8,418.771.66%
  • omisegoOMG Network(OMG)$1.861.08%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2391120.24%
  • wavesWaves(WAVES)$2.160.78%
  • sushiSushi(SUSHI)$1.062.91%
  • ontologyOntology(ONT)$0.2305233.66%
  • digibyteDigiByte(DGB)$0.0095960.74%
  • umaUMA(UMA)$2.051.16%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%