USDF

Figure Technologies Announces the Launch of Its Banking and Payment Business

Retrieved on: 
Wednesday, September 7, 2022

SAN FRANCISCO, Sept. 7, 2022 /PRNewswire/ -- Figure Technologies, Inc., a pioneer in financial technology, transforming banking through blockchain, announced the launch of its new banking and payment business, Figure Payments Corp. Known as Figure Pay, the subsidiary of Figure will deliver Banking as a Service (BaaS) offerings through a highly scalable, quickly deployable application programming interface-driven platform.

Key Points: 
  • SAN FRANCISCO, Sept. 7, 2022 /PRNewswire/ -- Figure Technologies, Inc., a pioneer in financial technology, transforming banking through blockchain, announced the launch of its new banking and payment business, Figure Payments Corp.
  • Known as Figure Pay, the subsidiary of Figure will deliver Banking as a Service (BaaS) offerings through a highly scalable, quickly deployable application programming interface-driven platform.
  • Figure Pay offers two platform alternatives, one focused on fintech, non-banks, and retailers, and one for banks.
  • Figure continues to unveil a series of fintech firsts across the capital markets, investment management, and banking and payments sectors.

Maxon Joins Metaverse Standards Forum as a Founding Member

Retrieved on: 
Monday, July 11, 2022

BAD HOMBURG, Germany, July 11, 2022 /PRNewswire-PRWeb/ -- Maxon is pleased to announce that it is one of the founding members of the Metaverse Standards Forum, a newly established governing body that aims to foster alignment on requirements and priorities for metaverse interoperability standards. Along with Adobe, Epic Games, Meta, Microsoft, and NVIDIA, amongst additional founding members, Maxon aims to help build an open and inclusive metaverse that enables the deployment of diverse technologies, including interactive 3D graphics, augmented and virtual reality, and more.

Key Points: 
  • BAD HOMBURG, Germany, July 11, 2022 /PRNewswire-PRWeb/ -- Maxon is pleased to announce that it is one of the founding members of the Metaverse Standards Forum , a newly established governing body that aims to foster alignment on requirements and priorities for metaverse interoperability standards.
  • Prior to joining the Metaverse Standards Forum, Maxon had already embraced exchange file formats and bridges to other software, such as Unreal and Substance.
  • The Metaverse Standards Forum brings together companies and standards organizations to foster alignment on requirements and priorities for metaverse interoperability standards, and accelerate their development and deployment through pragmatic, action-based projects.
  • Metaverse Standards Forum and the Metaverse Standards Forum logos are trademarks of The Khronos Group, for the benefit of The Metaverse Standards Forum.

Rob Morgan Named CEO of USDF Consortium of Banks Seeking Increased Access to Stablecoins

Retrieved on: 
Wednesday, July 6, 2022

WASHINGTON, July 6, 2022 /PRNewswire/ -- The USDF Consortium, founded to build a network of banks to further the adoption and interoperability of a bank-minted tokenized deposit (USDF™), announced that Rob Morgan has joined as chief executive officer.

Key Points: 
  • Over time, USDF will expand into a platform that will allow banks to bring an expansive set of traditional financial services onto modern blockchain infrastructure.
  • "Banks have a strong history of bringing responsible innovations to market," said Morgan.
  • USDF addresses the consumer protection and regulatory concerns of non-bank-issued stablecoins and offers a more secure option for transacting on blockchain.
  • We are committed to building the foundation and advancing responsible innovation that will allow banks to harness this technology.

Provenance Blockchain Foundation Names Anchorage Digital as Preferred Partner

Retrieved on: 
Tuesday, March 29, 2022

As a preferred partner to The Provenance Blockchain Foundation, Anchorage Digital will also offer its institutional clients ability to custody HASH tokens.

Key Points: 
  • As a preferred partner to The Provenance Blockchain Foundation, Anchorage Digital will also offer its institutional clients ability to custody HASH tokens.
  • "We are excited to support the Provenance Blockchain Foundation in its mission to provide the next generation of decentralized financial applications," said Diogo Mnica, President and Co-Founder of Anchorage Digital.
  • "Anchorage is an ideal partner as we continue to find new ways the Provenance Blockchain can add value and build out the network."
  • Provenance Blockchain Foundation supports the Provenance Blockchain and its participants through research and development, education, and governance.

Figure and Apollo Execute Mortgage Transactions Using Blockchain Technology to Transfer Ownership

Retrieved on: 
Thursday, March 17, 2022

NEW YORK and SAN FRANCISCO, March 17, 2022 /PRNewswire/ -- Figure Lending LLC ("Figure") and Apollo (NYSE: APO) have completed a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology. The secure, streamlined process was a first-of-its-kind in the mortgage industry and holds the potential to revolutionize the $3 trillion mortgage ecosystem.

Key Points: 
  • NEW YORK and SAN FRANCISCO, March 17, 2022 /PRNewswire/ -- Figure Lending LLC("Figure") andApollo(NYSE: APO) have completed a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology.
  • The secure, streamlined process was a first-of-its-kind in the mortgage industry and holds the potential to revolutionize the $3 trillion mortgage ecosystem.
  • Figure has begun originating eNote mortgages that are on-boarded as unique digital assets on theProvenance Blockchain.
  • Figure is transforming financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.

AMERANT BANK JOINS THE USDF CONSORTIUM

Retrieved on: 
Thursday, March 10, 2022

CORAL GABLES, Fla., March 10, 2022 /PRNewswire/ -- Amerant Bank , the second largest community bank headquartered in Florida, announced that it is now a member of the USDF Consortium.

Key Points: 
  • CORAL GABLES, Fla., March 10, 2022 /PRNewswire/ -- Amerant Bank , the second largest community bank headquartered in Florida, announced that it is now a member of the USDF Consortium.
  • The USDF Consortium is a membership-based organization of FDIC-insured banks.
  • (the "Bank"), as well as its other subsidiaries: Amerant Investments, Inc., Elant Bank and Trust Ltd., and Amerant Mortgage, LLC.The Company provides individuals and businesses in the U.S., as well as select international clients, with deposit, credit and wealth management services.
  • The Bank, which has operated for over 40 years, is the second largest community bank headquartered in Florida.

ConnectOne Bank Announces Membership in USDF Consortium

Retrieved on: 
Wednesday, March 9, 2022

ENGLEWOOD CLIFFS, N.J., March 09, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bank, the insured depository subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB), announced today its membership in the USDF Consortium, an association of FDIC-insured financial institutions with a mission to build a network of banks to further the adoption and interoperability of USDF a tokenized deposit.

Key Points: 
  • ENGLEWOOD CLIFFS, N.J., March 09, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bank, the insured depository subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB), announced today its membership in the USDF Consortium, an association of FDIC-insured financial institutions with a mission to build a network of banks to further the adoption and interoperability of USDF a tokenized deposit.
  • ConnectOne joins other industry leading banks in the Consortium, who will facilitate and promote the use of USDF.
  • ConnectOne Banks participation in the USDF Consortium supports our strategy of building leading commercial banking solutions supported by innovative technology, said ConnectOne Banks Chairman & CEO, Frank Sorrentino III.
  • The USDF token is minted exclusively by U.S. FDIC-insured banks and represents a deposit at a USDF Consortium bank.

Provenance Blockchain Foundation Announces Banking Executive Morgan McKenney as CEO

Retrieved on: 
Tuesday, March 1, 2022

SAN FRANCISCO, March 1, 2022 /PRNewswire/ --The Provenance Blockchain Foundation today announced that Morgan McKenney has joined the organization as its CEO.

Key Points: 
  • SAN FRANCISCO, March 1, 2022 /PRNewswire/ --The Provenance Blockchain Foundation today announced that Morgan McKenney has joined the organization as its CEO.
  • The Provenance Blockchain Foundation is dedicated to supporting the development of decentralized financial services applications to deliver significant business benefits for its participants.
  • "The Provenance Blockchain has successfully demonstrated the ability to deliver material business benefits to participating financial institutions and their customers at scale," said McKenney.
  • Provenance Blockchain Foundation supports the Provenance Blockchain and its participants through research and development, education, and governance.

USDF Consortium™ Members Demonstrate Interoperability of Bank-Minted Stablecoin

Retrieved on: 
Wednesday, January 19, 2022

NBH Bank's minted USDF represented the capital contribution for its founding membership in the USDF Consortium, an association of FDIC-insured financial institutions with a mission to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin (USDF).

Key Points: 
  • NBH Bank's minted USDF represented the capital contribution for its founding membership in the USDF Consortium, an association of FDIC-insured financial institutions with a mission to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin (USDF).
  • As previously announced, New York Community Bank and NBH Bank, along with First Bank, Sterling National Bank, Synovus Bank, Figure Technologies, Inc., and JAM FINTOP are the founding members of the newly launched USDF Consortium.
  • The USDF Consortium is accepting new members as it looks to grow.
  • Interested banks can visit www.usdfconsortium.com to learn more about the Consortium, USDF, membership requirements, and how to apply to become a member.

Sterling National Bank Announces Its Participation in the USDF Consortium™

Retrieved on: 
Thursday, January 13, 2022

The Consortium is doing the foundational work to allow banks to leverage blockchain technology to drive responsible innovation and growth.

Key Points: 
  • The Consortium is doing the foundational work to allow banks to leverage blockchain technology to drive responsible innovation and growth.
  • said Matt Smith, Segment Executive Direct Bank and Banking-as-Service at Sterling National Bank.
  • said Derek Green, Chief Data Officer of Sterling National Bank.
  • Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services.