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   784

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).

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   158

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.
 

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.