Six outstanding startups focused on blockchain clearing and settlement – ​​Part I

[Annotation: The original author introduced six startups, this translation article introduces the first three startups, and the other three startups will be introduced at Part II. ]

In my blog yesterday, I talked about examples of the impact of the blockchain on the clearing and settlement market. Here are the six companies I think are at the forefront of this game rule: Digital Asset, SETL, tO, Clearmatics, Symbiont, and itBit.

 Digital Asset: Digital

assets – also known as Digital Asset Holdings (DAH) – are the most famous new players in the field, mainly because of their glamorous CEO Blythe Masters. Blythe used to be a senior executive at JPMorgan Chase. After a 27- year career, she left JPMorgan Chase in 2014, where she was responsible for corporate and investment banking regulation since 2012. So most people notice that the real reason for DAH is because of Blythe. For example, 2013 from Bloomberg reports:

Blythe Masters is the most well-known woman on Wall Street – and the most controversial woman who can rebound from the pressure. At the age of 44, she was responsible for the largest commodity trading business of JP Morgan Chase, the largest bank in the United States. In the 20 century, 90 mid-decade, she developed and promoted credit derivatives, quickly becoming the new miracle of high finance. Contract design for these credit derivatives – if the specified loan defaults, the seller agrees to compensate the buyer – should spread the risk and stimulate additional loans. These goods did achieve their goals, but in the hands of reckless buyers, they also created huge loopholes on the balance sheet. In 2009 Nian 9 months of the global economic turmoil of the “100 to Blame” list of responsibilities, Vanity Fair (Vanity Fair) took her ranking in the first 65, second only to convicted Ponzi mastermind Bonademai Madoff (Bernard Madoff).

However, these are all in the past, let us return to the DAH company itself and what they have to do. Blythe in 2015 in the first quarter as CEO CEO, less than ten months announced 5200 million US dollars of investment, investors include JP Morgan Chase, Goldman Sachs, CME Group,

ICAP and IBM, but the most important investment partner turned out to be the $ 100 billion stake in the Australian Stock Exchange (ASX). Beat the other 400 contenders, the DAH its provision of financial services to replace a tile-based chain ASX original clearing and settlement systems has won the deal.

“ We can now trade stocks in 150ms microseconds and then it takes two days to settle. It makes no sense, ” said  ASX CEO Elmer Funke Kupper. “ Australian retail investors should be able to sell their stocks at any time, go to the nearest ATM and get cash. ”

If you don’t have time, in short, Digital Asset is a developer of decentralized ledger technology that builds decentralized, cryptographic processing tools for the financial services industry. Their technology claims are known for their efficiency, safety, specification and settlement speed.

Since the launch of the service, Digital Asset has acquired four complementary companies: Hyperledger, Bits of Proof, Blockstack, and Eleven. Last year, the company became the founding chief member of the Linux Foundation’s open-source Hyperledger project, with the goal of promoting the adoption and standardization of distributed ledger technology.

SETL in 2015 Nian 7 Yue launched to provide multi-asset, multi-currency payment and settlement infrastructure organization based blockchain technology. The SETL system allows market participants to transfer cash and assets directly between each other, facilitating the immediate and final settlement of market transactions. The SETL system maintains a licensed distributed ledger of ownership and transaction records, simplifying the process of pairing, settlement, custody, registration and transaction reporting.

In June, SETL launched OpenBSD. OpenBSD was one of the first products to allow banks to develop blockchain products, rather than building it from scratch. It has financial-level security and built-in features that help banks verify the identity of the people they are working on and send messages to each other. Although no price is given, OpenCSD can subscribe. Banks and other financial institutions can be linked through APIs. According to Bloomberg, the project may be up and running within 12 months. [Continue to read please refer to the original]  

Finally, it is worth noting that Overstock recently received approval from the US Securities and Exchange Commission ( SEC ) to issue cryptographic securities that will be resolved on the blockchain. Although the release date has not yet been determined, the e-commerce company is effectively testing the blockchain as a real-world settlement mechanism for touchstone testing.

Chris Skinner is known as an independent commentator on financial markets through his blog and is the author of the bestseller Digital Bank and the chairman of the European Network Forum Financial Services Club (European networking Forum the Financial Services Club). He was selected by The Financial Brand ( one of the best financial blogs ) as one of the most influential people in the banking industry, and FinTech Titan ( Next Generation Bank ) named one of the Fintech leaders you need to focus on ( including City AM, Deluxe and Jax Finance). And ” Wall Street Journal ” Finance most influential financial technology news in 40 one-bit characters. To find out more, click here …

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