The Swiss Financial Market Supervisory Authority (FINMA) has issued to BX Digital AG a first-ever distributed ledger technology (DLT) trading facility license. BX Digital is an affiliate of BX Swiss Exchange AG, which operates the second-largest stock exchange in Switzerland (SIX Swiss Exchange is the largest). Both firms are subsidiaries of the Boerse Stuttgart Group, the sixth-largest exchange group in Europe. The license granted to BX Digital aims to simplify the multilateral trading of DLT…
The Commonwealth Bank of Australia (“CommBank”) (Australia’s largest bank by market capitalisation) has recently confirmed that they have successfully applied blockchain and internet of things technology to a global trade shipment involving 17 tons of almonds. The almonds were shipped from Sunraysia, Australia to Hamburg, Germany. The other companies involved included the Port of Melbourne, Pacific National and Olam Orchards Australia Pty Ltd. CommBank used the Ethereum blockchain for the experiment because of its large…