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Euroclear looks to apply blockchain to gold market

Section: Daily Dispatches

By Philip Stafford
Financial Times, London
Tuesday, June 21, 2016

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. ...

... For the remainder of the report:

http://www.ft.com/cms/s/0/79cf65fe-379c-11e6-a780-b48ed7b6126f.html



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