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The two banks use blockchain to settle transactions of US dollars, sterling, euros and China's offshore yuan between them on a private ledger. BCB Group brings their experience in traditional finance to the digital asset space, offering treasury management for FX trading in major currency pairs. The platform enables participants to efficiently settle bilateral foreign exchange transactions across multiple currencies, coupled with added.

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Reuse this content opens in new window Comments Jump to comments section. No items found. The use of blockchain in the financial services industry is still in its early stages, but two banks are using the technology to make settling currency trades easier, and cheaper. Gambling Compliance Learn more. This has helped cut risks and ease any previous worries around the banks potentially having different information about the same trade.