Big Banks Continue Banking on Blockchain

Beyond Blockchain #10: BNY Mellon & Co Expand Blockchain Footprints

BNY Mellon Adopts Blockchain For Trade Finance

The Bank of New York Mellon Corporation, an American banking services firm with $2.3 trillion in assets under management, announced on October 5th, 2021 that it had joined the trade finance blockchain network, Marco Polo. Although the partnership has been in the works for two years, it wasn’t until recently that BNY Mellon became an active member.

10 Major Banks Join Marketnode for Blockchain Bonds

Marketnode is a joint blockchain venture between the Singapore Exchange (SGX) and multi-billion investment company, Temasek. Late last month, the venture announced it had onboarded 10 major banks including BNY Mellon, BNP Paribas, Barclays, HSBC, Orient Securities International, Deutsche Bank, HSBC, Deutsche Bank, Citi, Standard Chartered, Societal General and UOB.

Auto1 FT Rolls Out Smart Contract-Based Car Financing in Europe

Berlin-based Auto1 FT will leverage blockchain to eliminate paperwork and manual input into its car financing business. The startup uses the Ethereum blockchain to store documents, files and other pertinent data for any vehicle that it finances.

Colchis Capital Adopts Blockchain for Real Estate Management

US-based real estate investment firm Colchis Capital has partnered with blockchain startup Bison Trails to explore the use of the technology in its business. Potential use cases include providing Colchis Capital with real-time reporting on cash flow generated by properties and portfolio yield tracking. Transparent data availability allows Colchis to provide investors with low-cost financing and greater insight into real-estate and related assets under its management.

Latest Blockchain Investments

Swiss Blockchain Firm Raises Almost $2.5M: Authena is a Swiss-based startup that provides blockchain-based solutions for tracking supply chains. The firm recently closed a funding round where it raised 2.3 million CHF (appr. $2.47 million) from angel investors based in Switzerland and the United Kingdom, as well as the US innovation fund Ecliptic Capital. Athena will use the new funding to ensure continued growth and design new prototypes for major clients.

Discover Where Blockchain Can Significantly Improve Your Business

At Move Digital, we offer professional guidance to enterprises that want to map out or deploy a blockchain strategy. We have assembled a team of experts that will carefully discuss your business objectives with the goal of determining key operational areas where rolling out a DLT-solution can bring significant results. If you need assistance getting started with blockchain in your organization, feel free to send us an email

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