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ARTICLE · 09 OCTOBER 2018

Multiple Blockchain Announcements For Asset-Backed Tokens, Payments And Exchanges

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A Swiss asset manager and commodities trader recently announced the launch of a blockchain-based

United StatesTechnology
Robert A. Musiala Jr.
Robert A. Musiala Jr.
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A Swiss asset manager and commodities trader recently announced the launch of a blockchain-based token that will be backed by a basket of copper, aluminum, nickel, cobalt, tin, gold and platinum. In a similar move, startup Abra has announced plans to launch the Bit10 token, which will be priced based on a basket of the top 10 cryptocurrencies by market capitalization. In Austria, the government recently announced that it intends to auction off 1.5 billion euros in bonds that will be issued on the Ethereum blockchain. And in Italy, the Italian Banking Association recently announced that it successfully completed the first phase of testing a new blockchain-based interbank payment system.

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