11 banks participate in blockchain intraday FX trial

5 iunie 2021

The blockchain startup Finteum revealed that 11 banks participated in a trial of its FX intraday swap solution. NatWest, Deutsche Bank, Bank of Ireland, Banca Mediolanum and seven others banks participated with $14.5 trillion in combined balance sheet values. The solution is planning live trades in late 2021 or early 2022.

According to BIS figures, global FX daily trading in 2019 amounted to $6.6 trillion daily, of which $3.2 trillion were FX swaps.

So what’s the problem that intraday FX swaps aim to solve for banks? It’s all about bank treasurers managing intraday liquidity. Too much liquidity or too big an intraday buffer may not earn an optimal return at the central bank. Too little liquidity means payments need to be delayed or throttled. A big part of this juggling is the fact that FX transactions typically settle in two days.

The Finteum solution is based on R3’s Corda enterprise blockchain.

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Constantin Rotariu – cofondator & COO Bitcoin Romania

In prezent, fiind o piata cu o volatilitate foarte mare, cu multi traderi sezonieri care incearca sa profite de aceasta volatilitate, volumul a crescut mult. Sunt zeci de milioane de euro pe luna tranzactionati prin Bitcoin Romania, pe toate produsele noastre, pe platforma online si prin ATM-uri. S-a dovedit ca bitcoin este un activ de stocare pe termen lung iar cei care au facut profitul cel mai mare sunt cei care au avut rabdare, de la trei ani in sus.

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Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?