Financial outlet Forbes has a list of “’s Billion Dollar Babies,” or companies implementing technology that have minimum revenues or valuations of $1 billion, on April 16.
The list includes companies in the and development spaces, in addition to traditional financial firms like and clearing houses, companies, management firms and others.
Most of the companies listed are household names like , , , ING, , and Nestle.
-related companies featured on the list include -based exchange , European and hardware firm , and -based financial services network and creator .
In addition to noting major firms that are dabbling or full-on adopting technology, the list also includes which protocols are being adopted and by whom. Various protocols, consortium ’s protocol and the network are prominently featured at a number of firms across various industries.
Forbes notes the potential for technology to simplify various business process per the example of Depository Trust & Clearing Corp (DTCC), which keeps records of 90 million transactions a day, or most of the world’s $48 trillion dollars in securities.
Per Forbes, the firm will begin switching its 50,000 accounts to a -based system, which will help eliminate duplicate procedures and reconciliations that are still prone to happen on traditional electronic clearing networks.
In mid-March, DTCC a white paper outlining guiding principles for the post-trade processing of tokenized securities. The paper notes the unique characteristics of the nascent market for tokenized securities and proposes that global policy standards for traditional markets are often applicable, and useful for stakeholders to identify the legal responsibilities pertaining to security platforms.
Published at Wed, 17 Apr 2019 03:57:33 +0000
