Blockchain Compatibility set by Axoni and Clearmatics

Two of the most prominent blockchain startups, Clearmatics and Axoni are joining in order to solve the serious problem of interoperability
17 May 2018   668

This week Clearmatics and Axoni, at Consensus 2018, presented how a financial fluxion can be issued with the help of a smart contract, launch a payment and then activate a cross-chain atomic cost transfer between two certain networks. This meant  the first time a fluxion deal has been come on one enterprise blockchain and stated  on another. This development stage is important because interoperability is now emerging as a major design aim for distributed ledger technology (DLT).

Facilitating end-to-end processing from point of trade to settlement, we need to make the assumption that that process is going travel through multiple systems, rather than a single monolithic settlement system, distributed or otherwise.
Robert Sams,
CEO, Clearmatics

The collaboration is significant also because of the clout of the players involved. Axoni, located in New York, is dealing with a wide range of significant financial institutions and infrastructure providers to promote trillions of notional value in U.S. dollars onto blockchain tech across a variety of asset classes.

Also, its partner in the presentation, Clearmatics of London, is cooperating with a consortium of banks and financial institutions to construct digital fiat that is completely  provided by cash at the corresponding central bank and transferable on a distributed ledger. 

If we can collaborate appropriately and facilitate linkage between those networks, what you end up with is a highly automated, highly transparent process all the way from trade agreement through to settlement finality. 
Greg Schvey
CEO, Axoni

Axoni has also been making great efforts in the derivatives space and other areas of post-trade processes, while Clearmatics is concentrated on the regulative sphere of the activity, so the teaming was an obvious fit (both are building technology based on ethereum-derived architecture).

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   120

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.
 

Elliott Suthers

Coinbase

Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.