Nasdaq and Euroclear to Represent Blockchain Platform

ABN AMRO Clearing, EuroCCP, Euroclear and Nasdaq jointly created blockchain or securities trading and derivative financial instruments
20 June 2018   960

One of the main functions of the new solution is the mechanism for covering losses of investors based on the DLT due to the triggering of margin calls (forced completion of the transaction, when the account balance necessary to maintain the amount of collateral of all open positions is near zero). This is reported in the press release.

It is also reported that Nasdaq will develop a Proof-of-concept, and EuroCCP and ABN AMRO Clearing will develop a client part of the user interface and will take over the integration of services. Euroclear, in turn, will ensure the settlement of security transfers, as well as control over compliance with regulatory requirements.

Currently, processing transactions with collateral on derivatives is carried out centrally, which creates certain risks and difficulties. According to the creators of the platform, because of the growing number of participants in the derivatives market, this segment of the financial market needs new, more efficient solutions. The latter, in particular, should help to optimize the management of collateral, as well as the interaction of market participants located in different time zones.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1170

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”