Nasdaq Considers Storing Asset Ownership Data on Blockchain

World-known stock exchange Nasdaq is considering the possibility of using blockchain for storing data on asset ownership
17 November 2017   1562

According to the patent application, the company intends to use a distribution ledger to register asset owners, as well as use digital wallets to let owners to access these assets which are associated with a private cryptographic key.

Nasdaq would commit to a distributed network where each node would contain a copy of the blockchain’s information, according to the application.

The application states that despite the fact that the blockchain has a huge potential and users can maintain confidentiality through public technology - there are a need for further improvements in its effectiveness.

Earlier the company expressed concern about blockchain technology. It was said that the main problems are related to the integration of systems based on blockchain with other financial systems and technology can not be immediately implemented in existing systems.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.