Blockchain project to accelerate swap operations
Blockchain technology for equity swap. Banking giants, has launched a trial the exchange of equity swap. The test took part, American finance conglomerate JP Morgan Chase and investment bank Goldman Sachs, French finance conglomerate BNP Paribas, international Swiss finance group Credit Suisse and international bank Citi. It is planned that the pilot test, which has been conducted with the AxCore’s blockchain platform, which is provided by the startup Axoni, will make the processing of payments with securities more rapid. ‘’Equity swap data is complex and difficult to manage, making it a terrific fit for distributed ledger technology’’ said, Greg Schvey, Axoni CEO.