Citi and CME Clearing adopt blockchain for collateral management processes - Global Custodian – The Leading quarterly magazine covering the international securities services industry
Citi and CME Clearing adopt blockchain for collateral management processes Blockchain-powered platform implemented to reduce costs of back office functions and speed up margin funding times. December 18, 2017 7:07 AM GMT Citi and CME Clearing have teamed up with Baton Systems to implement a blockchain-based platform as the firms look to reduce costs of back-office functions. The platform allows banks to view their collateral in their ledgers in real-time and send cash or securities to clearing houses with one-click. Citi and CME Clearing explained the blockchain software could significantly ...
Source: globalcustodian.com
