Blockchain
Deutsche Bank Plans to Leverage Blockchain Tech to Reduce Margin Compression
German banking giant Deutsche Bank AG plans to utilize blockchain technology to address margin compression issues in the financial services sector. The bank has initiated testing of a platform based on the Ethereum network.
This platform, which provides digital services for tokenized funds, is part of Project Guardian, an initiative by the Monetary Authority of Singapore. The project’s goal is to explore the potential liquidity and efficiency benefits of blockchain technology.
Deutsche Bank Tackles Margin Pressure
As passive investment products gain market traction, fund managers face continuous declines in fee revenue. A study by the Boston Consulting Group found that the average asset management fee fell to 22 basis points in 2023, down from 25 basis points in 2015 and 26 basis points in 2010.
Project Guardian, a collaborative effort between policymakers and financial institutions, aims to investigate tokenization applications in fixed income, asset management, and foreign exchange sectors. Anand Rengarajan, Deutsche Bank’s head of securities in Asia Pacific, stated:
“It will help us stay relevant because with the kind of margin compression impacting the overall financial services industry, the only way one can survive is by innovating.”
Using blockchain and smart contract solutions can help the bank reduce costs, risks, and transaction times, he added.
Exploring Tokenized Fund Services
Deutsche Bank plans to introduce record-keeping services to assist issuers of tokenized funds in monitoring investors, custody arrangements, and valuations. According to Rengarajan, this initiative highlights the bank’s dedication to leveraging blockchain for improved efficiency.
The platform is designed to prioritize interoperability, ensuring access for fund managers regardless of the underlying blockchain technology. Although currently in the proof-of-concept stage, Rengarajan envisions commercialization as the project’s ultimate goal. He added:
“We anticipate that the investments made over the next two to three years, alongside previous endeavors, will pave the way for a promising commercial future.”
Last year, Deutsche Bank partnered with Swiss crypto technology firm Taurus SA to develop a digital-asset custody service. Recently, the bank also recognized Bitcoin as an important asset class.
Source: coingape.com
The post Deutsche Bank Plans to Leverage Blockchain Tech to Reduce Margin Compression appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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