RATE Group | Citigroup and Goldman Sachs Swap Equity On Blockchain + More News
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Citigroup and Goldman Sachs Swap Equity On Blockchain + More News

07 Feb Citigroup and Goldman Sachs Swap Equity On Blockchain + More News

Posted at 16:36h in Cryptocurrency News by

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Citigroup and Goldman Sachs Swap Equity On Blockchain + More News 101
Source: iStock/ymgerman

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Adoption news

  • U.S.-based banking giants Citigroup and Goldman Sachs conducted the first equity swap on a new blockchain built using tools originally designed for Ethereum. Forbes reports that this was a total return swap in which one bank agreed to make a payment based on the returns of an underlying asset and the other based on a set rate, and it involved only the two counterparties, but another thirteen are waiting in the rafters.
  • Australia’s national strategy for use of blockchain has finally launched, with a focus on the opportunities the technology presents to industries such as wine, banking and finance. Per the Minister for Industry, Science and Technology, Karen Andrews, the five-year blockchain roadmap would lay the groundwork for researchers, start-ups and policymakers, and…

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