Euroclear, one of the world's largest settlement houses, is to make its first foray into emerging blockchain technology by exploring creating a new settlement system for the London gold market.
The Belgium-based settlement house, which houses more than E27 trillion of bonds, equities, funds, and derivatives for customers, has partnered US start-up itBit to explore ways to modernise trading in the precious metal.
The group will look at ways to harness itBit's blockchain-based clearing and settlement network Bankchain for gold. ...
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