Bank of England to trial a new distributed ledger system

Bank of England performs a trial run of their new proof-of concept system for real-time gross settlement
28 March 2018   488

Future-proofing the operations has been a long hard quest for the banking institutions around the globe, and eve more so since the emergence of the cryptocurrencies. And now the next step forward has been made by Bank of England. As part of their proof-of-concept network for real-time gross settlement they are trialing the use of distributed ledger technology (DLT).

Back in 2017 Bank of England has first revealed that they were working on using DLT for near-instant transaction system. Though, at that tie they were adamant, that such a technology can't be the sole driving force for such application. Now, they are backtracking a bit, stating that while nowadays DLT is not yet sufficiently mature, they will endeavor to develop it for the time when it gains a more widespread adoption.

The trial run is to see how distributed ledger-based system performs for the real-time gross settlement service, and if it performs well enough to be used on the permanent basis.

In broader sense, such a move can represent a more amiable stance toward blockchain as a whole for the UK central bank in the near future.

Caspian to Launch Crypto Derivatives Trading

Caspian does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x
21 March 2019   81

Caspian, an asset-oriented asset management platform, has launched cryptocurrency derivatives trading.

Thanks to integration with Deribit, Caspian customers gained access to trading in futures and options for Bitcoin and Ethereum. Also, the platform will provide the opportunity to trade indefinite bitcoin-swap.

According to Caspian, the platform does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x.

We are excited to be working with Deribit to make the trading of crypto options and futures possible within the institutional community. Our goal at Caspian is to provide crypto traders and investors the same standard of tools and service that exist in the traditional markets and its great knowing that the team at Deribit is working towards the same high standards.
 

Robert Dykes

CEO, Caspian

Caspian noted that their platform connects to Deribit via an API that supports “large trading volumes with extremely low latency”. The platform also has full access to the book of orders of the crypto-derivative stock exchange.