SETL

U.S. Financial Services Industry Study Demonstrates Feasibility of a Regulated Digital Asset Settlement Platform Supported by Shared Ledger Technology

Retrieved on: 
Thursday, July 6, 2023
Technology, Personal Finance, Finance, Banking, Other Technology, Professional Services, Networks, Data Management, Other Professional Services, Federal Reserve Bank, HSBC, POC, Amazon Web Services, Digital asset, BNY Mellon, Federal, TD, Practice of law, Policy, PNC Financial Services, SETL, Toronto-Dominion Bank, Research, Privacy, Oliver Cromwell, Citigroup, Friction, Clearing House Interbank Payments System, Federal Reserve, RLN, Payment system, Mastercard, Sullivan & Cromwell, Architecture, Knowledge, Wells Fargo, Cryptocurrency, Bank, Swift, USD

The RLN PoC explored the potential of shared ledger technology to address these frictions in support of safe and efficient payments.

Key Points: 
  • The RLN PoC explored the potential of shared ledger technology to address these frictions in support of safe and efficient payments.
  • The PoC successfully simulated both scenarios, identifying shared ledger technology as a potential solution to support payment innovation.
  • This study contributes to the collective body of knowledge on the application of distributed ledger technology to the regulated financial system.
  • The technology was provided by Digital Asset and SETL, hosted by Amazon Web Services.

Members of the U.S. Banking Community Launch Proof of Concept For A Regulated Digital Asset Settlement Platform

Retrieved on: 
Tuesday, November 15, 2022
Technology, Other Professional Services, Finance, Public Policy, Government, Banking, Professional Services, Artificial Intelligence, Software, Networks, Data Analytics, Fintech, White House, Federal Government, Data Management, Security, TD Bank, SETL, Wells Fargo, Sullivan & Cromwell, Swift, Mastercard, Citigroup, Practice of law, PNC Financial Services, Literature, POC, CBDC, Policy, Federal Reserve, Amazon Web Services, HSBC, Federal, Federal Reserve Bank, Oliver Cromwell, Organization, Digital asset, RLN, Hope, BNY Mellon, TD, Federal Reserve Bank of New York, Cryptocurrency

Members of the U.S. banking community today announced the launch of a proof of concept (PoC) project that will explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN).

Key Points: 
  • Members of the U.S. banking community today announced the launch of a proof of concept (PoC) project that will explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN).
  • Scope: The PoC will simulate digital money issued by regulated institutions in U.S. dollars, although the concept could potentially be extended to multi-currency operations and regulated stablecoins.
  • Industry collaboration: The PoC will include dialogue with the broader U.S. banking community, including community and regional banks.
  • Future plans: The banking group participants are not committed to any future phases of work once the PoC has been completed.

Ground-Breaking SWIFT Innovation Paves Way for Global Use of CBDCs and Tokenised Assets

Retrieved on: 
Wednesday, October 5, 2022
Technology, Blockchain, Finance, Banking, Electronic Commerce, Accounting, Asset Management, Professional Services, Payments, Digital Cash Management, Digital Assets, Networks, Internet, Fintech, Cryptocurrency, NatWest, Cooperative, DLT, Virtual currency, Community business development corporation, World Economic Forum, Deutsche Bundesbank, SETL, Tokenization, Wells Fargo, Quorum, Standard Chartered, Central bank, UBS, Capgemini, SMBC, HSBC, Citigroup, Bank of France, Intesa Sanpaolo, Central bank digital currency, Commerce, Payment, Cryptocurrency, Mobile phone, Corda, SWIFT

SWIFT has successfully shown that Central Bank Digital Currencies (CBDCs) and tokenised assets can move seamlessly on existing financial infrastructure a major milestone towards enabling their smooth integration into the international financial ecosystem.

Key Points: 
  • SWIFT has successfully shown that Central Bank Digital Currencies (CBDCs) and tokenised assets can move seamlessly on existing financial infrastructure a major milestone towards enabling their smooth integration into the international financial ecosystem.
  • Working in collaboration with Citi, Clearstream, Northern Trust, and SETL, its technology partner, SWIFT explored 70 scenarios simulating market issuance and secondary market transfers of tokenised bonds, equities and cash.
  • Tom Zschach, Chief Innovation Officer at SWIFT, said: Digital currencies and tokens have huge potential to shape the way we will all pay and invest in the future.
  • Headquartered in Belgium, SWIFTs international governance and oversight reinforces the neutral, global character of its cooperative structure.

Embedded Fintech Services Platform Colendi Acquires London-based Enterprise Blockchain Company SETL

Retrieved on: 
Monday, June 27, 2022
Acquisition, Turkcell, Public sector banks in India, CEO, Proof of concept, SETL, Payment, Decentralized finance, EVM, Architecture, GLOBE, Growth, SWIFT, DAPP, Compliance, Financial institution, Crucial X8, Launch, Partnership, Infrared spectroscopy correlation table, Environment, TPS, NFT, AWS, Migros, Solution, Concept, RLN, Asset management, Cryptocurrency, Management, De litteris colendis

Istanbul, June 27, 2022 (GLOBE NEWSWIRE) -- Colendi , the fastest growing embedded fintech services platform in Turkey and surrounding regions, announces its acquisition of London-based blockchain settlements and payments provider SETL .

Key Points: 
  • Istanbul, June 27, 2022 (GLOBE NEWSWIRE) -- Colendi , the fastest growing embedded fintech services platform in Turkey and surrounding regions, announces its acquisition of London-based blockchain settlements and payments provider SETL .
  • Launched in 2015, SETL is one of the world's leading enterprises blockchain companies known for its high-profile work with selected Central Banks and T1 Financial Institutions.
  • This architecture will be integrated into the core Colendi wallet and available to all Colendi users as the company extends its services into investment, messaging, gaming, and many other dApps currently under development within the Colendi ecosystem.
  • "We are delighted to welcome SETL to the Colendi family and look forward to leveraging their formidable blockchain tech for the benefit of our users.