Fnality and Finteum are partnering to deliver a blockchain-based solution for settling FX swaps transactions.
Finteum leverages R3’s Corda platform to create a global financial market for intraday liquidity. It aims to give market participants a shared data record of their orders and trades, meaning that settlement will not fail and it will be easier to share market information with third parties, such as regulators.
Fnality’s Utility Settlement Coin (USC) initiative, which is based on Ethereum, provides a digital cash system that uses blockchain technology to settle financial transactions.
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