BondEvalue and Northern Trust Complete World’s First Blockchain-based Bond Trade Northern Trust and partner BondEvalue completed the first trade of a fractionalized blockchain-based bond in Singapore this month. Northern Trust is providing securities services for the wholesale bonds. In what is believed to be a first for the industry, Northern Trust built the capability to … [Read more...] about Chicago FinTech News – Blockchain Innovations
Cryptofinance
Could the Crypto Market Protect Against a New Global Recession?
Note: Since this was published, the repo markets have not improved; the Fed supplied another $205 billion to the market on October 18. See James Bianco's LinkedIn post for more at: http://bit.ly/35MM8QJ The Federal Reserve has extended its recent interventions into the securities repurchase, or “repo” market, into November. It’s the first time that the Fed’s intervened in … [Read more...] about Could the Crypto Market Protect Against a New Global Recession?
FinTech Advertising On the Go in Chicago
Transit advertising for FinTech solutions has been a Chicago trend for awhile now. German Direct Bank N26 has joined in, making the rounds on Chicago transit to promote its high-speed banking service. The recently-launched Gemini Crypto Exchange is taking the train. … [Read more...] about FinTech Advertising On the Go in Chicago
New Bitcoin Offerings and Volatility Reflect Challenges and Promise For Cryptocurrency
The Intercontinental Exchange (ICE) launched its physically-settled bitcoin futures trading platform, Bakkt, on September 23. The Chicago Mercantile Exchange (CME) has been doing futures trading in bitcoin for even longer -- since 2017 -- and is now making plans to expand that platform by early next year with a bitcoin options contract. It's a market with promise, but one … [Read more...] about New Bitcoin Offerings and Volatility Reflect Challenges and Promise For Cryptocurrency
Facebook’s Libra Cryptocurrency Equation
News of Facebook's Libra cryptocurrency was big enough that the Financial Times gave it special play, concluding that the "B2C fintechs are dead" in an article that examines how deeply "Facebook’s first big foray into the financial world" and new digital currency will affect traditional financial services. "Banks were notably absent from the initial backers," the Financial … [Read more...] about Facebook’s Libra Cryptocurrency Equation
Cryptoasset Investment Viewpoints
Two investment conferences opened in Chicago yesterday: Terrapinn’s Trading Show at Chicago's Navy Pier and Morningstar’s Investment Conference at the McCormick Place convention center. Two sides of the investment business—institutional trading and retail asset management—providing two points of view on the current state of cryptoasset investment. Judging by the exhibitors, … [Read more...] about Cryptoasset Investment Viewpoints