Blockchain
Diginex Strengthens Partnership With Itiviti and Leverages Tbricks Automation Platform for Institutional Cryptocurrency Clients
Itiviti, a leading technology, and service provider to financial institutions worldwide, today announced Diginex, a digital asset financial services and advisory company, will implement Tbricks automated solution to provide risk, P&L and portfolio management to its institutional client base. This partnership follows on from the existing relationship that sees Diginex utilize NYFIX, Itiviti’s global FIX-based order routing network to provide connectivity to its institutional investors who wish to have digital asset’s exposure in their portfolios.
Diginex will utilize Tbricks to launch `Diginex Access’, a multi-venue, front-to-back trading, portfolio, and risk management solution for digital assets including cryptocurrencies and their associated derivatives. The combined solution will be powered by Tbricks automation technology and robust infrastructure to offer an institutional-grade experience to investors who seek to manage digital assets.
“As institutional demand in digital assets continues to rise, we view this strategic partnership with Diginex as an opportunity to drive a more unified digital assets solution for the capital markets,” said Bobby Rahman, Head of Strategic Partnerships. “Tbricks is already providing a cross-asset solution to a number of sell-side tier 1 banks and firms and we see this as a natural evolution of our capabilities for cryptocurrency trading.”
“Itiviti’s Tbricks Automation platform has a proven track record of serving the largest banks and hedge funds with institutional-grade trading technology. Our platform will provide leading-edge Execution and Order Management System and Portfolio Management Solution capabilities for cryptocurrencies and digital assets to the standard that institutions have come to expect in traditional markets,” added Richard Byworth, CEO at Diginex.
Tbricks is the automation solution within the wider Itiviti Platform which supports trading, connectivity, and automation workflows for all asset classes. Leveraging 30+ years of expertise in Equities and Derivatives trading technology, Tbricks provides the optimal solution for execution automation enabling users to operate, scale, and adapt their business. The app-based, modular automation framework combines out-of-the-box capabilities with great flexibility for customization and a performance first architecture.
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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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