| Twelve more banks have joined the distributed ledger consortium led by startup R3CEV. New entrants to the group include Banco Santander, Danske Bank, Intesa Sanpaolo, Natixis, Nomura, Northern Trust, OP Financial Group, Scotiabank, Sumitomo Mitsui Banking Corporation, US Bank, Westpac Bank and the Bank of Montreal. Stan Higgins / Dec 17, 2015 09:00 am
IBM has launched an open-source blockchain project along with financial incumbents including JP Morgan and Wells Fargo. The Open Ledger Project is described as a tool that will allow businesses to build custom distributed ledger solutions, without needing to rely on open, public blockchains. Pete Rizzo / Dec 17, 2015 05:51 am
Singapore's DBS Bank has reportedly partnered with Standard Chartered to create a distributed ledger for trade finance. Bloomberg reports company officials at both firms stated yesterday that they have completed initial testing for the idea. Pete Rizzo / Dec 17, 2015 05:24 am
The wider adoption of blockchain technology by financial incumbents is likely to take place over four stages, according to a new report by McKinsey. The report provides a detailed roadmap for how the business consulting firm expects this transition to play out, despite challenges. Pete Rizzo / Dec 16, 2015 10:14 pm
Japan's financial regulators are reportedly moving closer to creating a system for registering and overseeing domestic digital currency exchanges. According to a report by The Japan Times, draft regulation has been prepared that, once complete, will be submitted to the country's legislature next year. Stan Higgins / Dec 16, 2015 08:02 pm
Japan's SBI Sumishin Net Bank has announced it will develop a proof-of-concept to explore blockchain banking. For the project, SBI Sumishin will work with noted domestic think tank Nomura Research Institute and blockchain startup Dragonfly Fintech Pte. Pete Rizzo / Dec 16, 2015 06:11 pm
Microsoft's Azure cloud computing platform is adding additional options to its blockchain-as-a-service sandbox. Eris Industries, Factom and CoinPrism (OpenChain) have all partnered with the tech giant on the initiative, according to a 15th December blog post. Stan Higgins / Dec 16, 2015 04:41 pm
The SEC has approved Overstock's plans to issue stock via the blockchain through its subsidiary tØ platform, according to a report. It is still unclear when the company will issue its first public security on a distributed ledger but Overstock's CEO said it was on its list of "high priorities". Yessi Bello Perez / Dec 16, 2015 02:15 pm
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