– Chinese bank used blockchain to issue $1.3bln in mortgage-backed securities
– Austrian government to issue bonds worth $1.35bln via Ethereum
– Goldman Sachs is leading a $25-milllion financing round of Veem, a blockchain-based payment startup
– Baidu releases a white paper (v1.0.) of Super Chain blockchain
– AT&T introduces a blockchain platform for corporate use
– Former UBS employees raise $104 million to set a regulated crypto bank
– Porsche AG to increase investments in blockchain, AI, and VR startups to $176 million by 2023
Bank of Communications, a state-owned commercial bank in China, has issued $1.3bln in residential mortgage-backed securities (RMBS) through its proprietary blockchain network, Jucai Chain.
The Austrian government plans to issue bonds worth $1.35bln. They will be distributed through auction next week via Ethereum blockchain.
Goldman Sachs is leading a $25-milllion financing round of Veem, a blockchain-based payment startup. Among investors are Google Ventures, Silicon Valley Bank, Kleiner Perkins and Pantera Capital.
Baidu, Chinese IT giant, published a white paper (v1.0) of Super Chain blockchain, which will support parallel sidechains and will allow to choose a consensus algorithm.
AT&T, one of the largest telecom company in the US, has introduced a suite of blockchain solutions designed for corporate sector to work with technology from IBM and Microsoft.
Former UBS employees who founded startup SEBA Crypto AG raised $104 million to set a regulated crypto bank. SEBA plans to develop traditional banking services for companies and exchanges in the crypto industry.
Porsche AG will increase investments in blockchain, AI, and VR startups to $176 million by 2023. The preference is to be given to startups working to enhance “user experience, mobility and digital life”.
FedEx, a logistics company, has joined Hyperledger blockchain consortium, becoming one of 14 new members. The company will work on developing a blockchain platform and apps for corporate users.