Deutsche Börse Group to Create Blockchain Project

German trading platform for securities is working on a blockchain based platform for securities lending
27 March 2018   603

Deutsche Börse Group joined forces with HQLAx using R3’s Corda Blockchain platform to develop Blockchain-based platform for securities lending. This is reported by Finance Magnates.

Partnership aimd to create a “fully integrated front-to-back operating model” in order to “facilitate more efficient collateral management of high-quality liquid assets.”

With the creation of a neutral custody agnostic control layer, Deutsche Börse is embracing distributed ledger technology and complements it with a neutral and trusted market infrastructure role open to multiple custodians and collateral agents. This way Deutsche Börse supports market participants to deal with the global regulatory framework whilst reaping the benefits of the leading edge distributed ledger technology.
 

Philippe Seyll 

Executive Manager, Deutsche Börse Group

In early March, Credit Suisse and ING completed the first securities deal using a mechanism based on HQLAx Corda. 

Binance DEX to Launch Trading

Mithril is the first asset, that is trading on new platform; also, the exchange presented the listing rules for assets
25 April 2019   82

Binance DEX announced the start of trading in the Mithril token (MITH) together with Binance Coin (BNB). This is the first asset in the listing site.

At the same time, the exchange presented the listing rules for assets. So, anyone can release a token on the Binance Chain, but listing it to the marketplace takes place in several stages.

First of all, the issuer must place a listing application on the Binance Chain community forum, providing answers to a number of questions relating to the innovativeness of the project, its scope and other characteristics.

After that, the issuer must make a deposit in the amount of 1,000 BNB within two days, which will be returned later. Note that the listing of an asset on Binance DEX must be approved by at least half of the validators.