Blockchain | Global hedge funds, Calastone, will change their system to the Blockchain


The London-based UK global funding network, Calastone, announced that it would change its system to fund trade clearing services to the Blockchain Distributed Infrastructure (DMI).

In the press release, more than 1,800 corporate customers in more than 41 markets will be migrated "representing the largest community of global financial service organizations connected and transacting through distributed ledger technology." In the announcement also estimated that the agency would save more than 3.4 pounds billion per year ($ 4.33 billion). Release reads:

"Financial service organizations around the world - any size and scale - can, through DMI, now access a mutually beneficial global fund market where trade, settlement, and payment of funds are made in real time."

The bank claims that this system will bring new services - called the Sub-Register - "that creates a shared display, real-time, and history of registers between trading partners at every point in the distribution chain."


Source: cointelegaph



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Blockchain | Global hedge funds, Calastone, will change their system to the Blockchain Blockchain | Global hedge funds, Calastone, will change their system to the Blockchain Reviewed by Lisra on May 23, 2019 Rating: 5

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