SBI Holdings to Issue S Coin for Mobile Payments

Companies Orb and Glory Corporations will be the partners of the project
27 September 2018   392

In October, the Japanese financial giant SBI Holdings will launch a token called "S Coin" in a test mode. The coin will be available for mobile payments, CCN reports.

Orb and Glory Corporation will act as partners of the holding. SBI employees are the first to test the token when calculating in corporate restaurants. The authors of the project believe that this will allow to study the possibilities of blocking technology for non-cash transfers and to study the details of the process.

During the test, SBI will introduce ATM technology from Glory to the S Coin platform. Latter, credit cards and coin wallets will be integrated.

The developers promise that the solution will allow to carry out transactions with fast conversion of the currency into tokens. Also, the S Coin platform will allow users to produce their own digital coins.

In turn, the provider Orb will provide blockchain based solutions for payment transactions.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   137

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.