Caceis Joins French financial Securities Blockchain Initiative

Caceis Joins French financial Securities Blockchain Initiative
08.05.2017 09:00 am

Caceis Joins French financial Securities Blockchain Initiative

Blockchain

CACEIS has signed an investment agreement intended to develop a post-market Blockchain infrastructure for the SME segment in Europe. 

Launched in June 2016, the objective of this partnership is to improve the access of such companies to capital markets, while facilitating and enhancing the security of post-market operations. It brings together eight major financial institutions: CACEIS, BNP Paribas Securities Services, Caisse des Dépôts et Consignations, Euroclear, Euronext, S2iEM and Société Générale, with the support of Paris Europlace.

This initiative was launched in anticipation of a new regulatory framework in France providing for the issue and distribution of financial securities using Blockchain technology. Blockchain technology uses a ledger of data that is distributed and shared by multiple parties. It has the capacity to improve and simplify the chain of post-trade operations.

Jean-François Abadie, CEO of CACEIS, remarked, “We are very pleased to participate in this collective innovation process. This promising project combines a wide range of experience and expertise that is appropriate to its ambition to help drive the process of transforming the post-market environment. This is fully in line with the CACEIS strategy of prioritising the development of innovative solutions for its clients.”

Related News

BondEvalue and Northern Trust Collaborate to Complete World’s First Blockchain-based Bond Trade

Northern Trust (Nasdaq: NTRS) and BondEvalue today announced the completion of the first trade of a fractionalized blockchain-based bond.

Read more »

Introducing Alchemy Supernode: The Industry Leading Ethereum API

Alchemy, the world’s leading blockchain developer platform, has today introduced Alchemy Supernode, the industry leading Ethereum API with supercharged... Read more »

Reale Mutua issues its first fully digital surety bond as part of the national project "Fideiussioni Digitali" promoted by CeTIF, SIA and Reply

Reale Mutua is set on being a pioneer in the new process of managing surety  bonds through blockchain for greater efficiency, transparency and security... Read more »

Panxora backs ClinTex to raise $7 million USD and provide faster access to medicines

Panxora, the digital asset treasury management service, announced it will support ... Read more »

Ant Group unveils new technology brand AntChain and all-in-one workstation AntChain Station for express blockchain deployment

Ant Group, a leading provider of financial services technology, and the parent company of China’s largest mobile payments business Alipay,... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel