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/PRNewswire/ FXFY LLC ("Forexify"), in partnership with Corbel Capital Partners ("Corbel"), is pleased to announce a significant investment into Advanced.
Real-time payment solutions in the offing
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The real-time payment solutions in Oman is to give an entirely new dimension to automation of various clearing house services to the banks and their customers in the Sultanate.
The projects, which are under active consideration of the Central Bank of Oman, are equipped with handling sophisticated functionalities and processing needs of all the banks operating in the country.
A senior official of real-time payments solutions company ProgressSoft termed these projects as major steps for the Sultanate’s finance sector that have ability to do a paradigm shift in clearing house services and online banking besides many other services.
European Investment Bank Issues Digital Bond on Ethereum. Will Bond Tokenization Become the Norm?
This past week, the
European Investment Bank (EIB) issued a €100 million digital bond offering on the Ethereum blockchain. The EIB worked with Goldman Sachs, Santander, and Societe Generale on the issuance along with the support of the Banque of France. Notably, the payment of the issue monies from the underwriters to the EIB has been represented on the blockchain in the form of a central bank digital currency (CBDC).
The EIB states that it believes that the digitalization of capital markets may bring benefits to market participants, including a reduction of intermediaries and fixed costs, better market transparency through an increased capacity to see trading flows and identity asset owners, as well as a faster speed of settlement. Much of the interest in the issuance, or tokenization of, securities via blockchain is due to the ability to remove intrinsic friction along with aff