Societe Generale-Owned Bank Launches Blockchain ETN

Kleinwort Hambros, a Societe Generale-owned private bank and wealth manager, has launched an actively managed exchange-traded note (ETN) targeting the blockchain sector. The London-based bank announced the news on Monday, saying its Luxembourg-listed ETN will invest in companies that could “profit most” from the development and increasing uptake of blockchain technology. ETNs are unsecured debt securities that,…

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Blockchain Mortgage Tech Startup Acre Software Raises $6.5 Mln From UK Financial Advisor

United Kingdom startup Acre Software raised about $6.5 million to apply blockchain technology to the mortgage and insurance application process for advisers, a press release published on April 4 states. Per the release, nearly three-quarters of UK mortgages are facilitated by advisers, and the company aims to help them retain their position by matching the…

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TrueUSD Stablecoin Holders Can Get ‘Up to 8%’ Interest Via CredEarn

Holders of the dollar-pegged stablecoin TrueUSD can now leverage their funds to generate returns under a new partnership between the token’s developer TrustToken and crypto lender Cred. The deal will enable TUSD holders take part in the CredEarn program, which pays back interest for loans of digital assets to Cred’s platform. Within the U.S., TUSD holders in…

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Overstock’s Medici Acquires Stake in Blockchain Banking Startup

Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus. Announcing the news on Monday, Overstock said Bankorus’ blockchain platform allows individuals and institutions to “securely” buy, sell, store and lend digital assets. “The addition of Bankorus to Medici Ventures’ portfolio of companies will further…

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JP Morgan’s Stablecoin: A Feat of Engineering or Marketing?

Ben Jessel is head of enterprise blockchain at Kadena, a next-generation blockchain company offering both public and private blockchain solutions.  –––––––––– The world of blockchain and banking was set alight last month by the announcement that JP Morgan has created its own stablecoin. It was a rare move that has simultaneously excited the banking and enterprise…

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Swissquote Bank Launching ‘Nuke Proof’ Crypto Custody

Online banking and trading group Swissquote is launching a crypto custody service later this month. The Switzerland-based firm announced Friday that, starting March 21, retail and institutional customers will be able to transfer cryptocurrencies from external wallets to be stored in a Swissquote account. Swissquote has partnered with Zug-based Crypto Storage AG, a subsidiary of…

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