Following is a guest post from Renata K. Szkoda, CFO at INX and Co-Chairwoman of the Global Digital Asset and Crypto Currency Association. The Financial Accounting Standards Board (FASB) reached a tentative decision to make fair market value (FMV) the primary accounting method for measuring crypto assets, reports the Global Digital Asset and Cryptocurrency Assn., which led … [Read more...] about FASB Votes to Approve Fair Market Value (FMV) for Digital Asset Accounting
Architecting The Future of Digital Assets in Banking
As major financial institutions continue wading into the digital waters of the future of currency, they're faced with questions that crypto, in many ways, has never really had to answer. What makes digital assets a currency? What makes stablecoins stable? Stablecoins are an increasingly important plank in the cryptosystem - greasing the wheels of the system and providing an … [Read more...] about Architecting The Future of Digital Assets in Banking
Chainlink & Decentralized Finance
Chainlink launched in 2019 as the first to market a decentralized oracle network. Since then, it has become the de-facto standard in how DeFi & smart contracts interact with the real world. By building a framework for decentralized oracle networks, Chainlink empowers hybrid smart contracts for expansive use by providing a secure foundation for connecting oracle data with … [Read more...] about Chainlink & Decentralized Finance
Cryptocurrency & ISO 2022 Compliance
When discussing cryptocurrency, the Achilles’ heel for financial institutions and the banking industry is regulatory compliance. ISO 20022 is an internationally recognized standard, developed and maintained by the International Organization for Standards (ISO), for financial industry messaging in payments, securities, trader services, cards, and foreign exchange domains. The … [Read more...] about Cryptocurrency & ISO 2022 Compliance
A U.S. CBDC: Disaster or an Idea Whose Time Has Come?
The notion of a digital dollar for the United States has been increasingly in the news in recent months. Research by the Federal Reserve into a Central Bank Digital Currency (CBDC) has been ongoing, and it’s easy to see why: between efforts from China to use digital currency in apps, to the increasing adoption rate of cryptocurrencies, and other faster payments technologies, … [Read more...] about A U.S. CBDC: Disaster or an Idea Whose Time Has Come?
Wealth Technology that Personalizes Portfolios
You can choose what you want to watch, listen to, and buy whenever you want, reflecting your tastes and values in your choices. We’re on the same track with our investment decisions. Product providers are advising investment advisors on how they can use technology to retain their trusted positions with clients. “Clients today want investments aligned with their values,” said … [Read more...] about Wealth Technology that Personalizes Portfolios