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ARTICLE · 28 NOVEMBER 2024

Blockchain Platforms Announce Capital Markets Initiatives

BakerHostetler
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In a recent press release, a major U.S. bank announced its blockchain platform, Onyx, has rebranded as Kinexys. The release also announced a proof-of-concept white paper and an update that will integrate the platform's...

United StatesTechnology
John Robertson
John Robertson
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In a recent press release, a major U.S. bank announced its blockchain platform, Onyx, has rebranded as Kinexys. The release also announced a proof-of-concept white paper and an update that will integrate the platform's digital payments products with the bank's financial exchange (FX) services to enable on-chain FX settlement in USD and EUR.

In other news, a U.S. digital assets solutions company announced its selection by the Central Securities Depository of the Czech Republic (CSD Prague) to implement a DLT-based settlement system. According to a press release, the selection follows the company's platform being approved by the European Securities and Markets Authority (ESMA) for the European DLT Pilot Regime, which seeks to develop crypto-assets and DLT market infrastructures while preserving investor protection, market integrity, financial stability and transparency.

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