People can maintain an unshakable faith in any proposition, however absurd, when they are sustained by a community of like-minded believers #thinkingfastandslow
“While blockchains have demonstrated promise for streamlining post-trade processes, our objective is to drive improvement at all stages of the trade life cycle, including pre-trade & execution” @ShobhitMaini, Co-Head of Digital Assets for Markets at @Citi.
https://t.co/JlEh39BDqR
Another Wall Street Institution, @Citi trialing blockchain technology on Avalanche.
Why?
The narrative has been consistent for all these years. Tokenization and smart contracts allow for end-to-end efficient trade execution.
Innovation across many areas:
One immutable platform for trade analysis
Best execution, instant finality of trades
Better capital efficiency due to less capital party risk
Compliance with existing data privacy practices and KYC/AML
https://t.co/zAcIJwtXNV
MAS announced that it is working with the financial industry to expand asset tokenisation initiatives and develop foundational capabilities to scale tokenised markets.
READ: https://t.co/J1OD1QA83N
1/ Yesterday @Citi demonstrated their work under @MAS' Project Guardian with global asset managers T. Rowe Price & Fidelity International. A combination of Avalanche Evergreen Subnets powered an FX platform simulating bilateral FX pricing & execution.
https://t.co/1l2PKL9oCk
Citi has tested the use of blockchain infrastructure to price and execute simulated FX trades on Avalanche Evergreen Subnets.
This Proof of Concept from @Citi is part of Project Guardian, a collaboration by the Monetary Authority of Singapore (MAS) & the financial industry. 🧵👇
Order Flows: Kingmaker of the Block Builders 👑
Block Builders, a new entity in the post-merge world are about to enter a brutal game of battle royal.
And their weapon of choice - Order Flows.
https://t.co/X68ZUdCsHW
1/ WILL COSMOS TAKE A LEAD IN THE BLOCKCHAIN RALLY?
A dive into the @cosmos ecosystem.
I had the pleasure to participate in HackAtom Seoul 2022 hackathon last weekend.
Here is what I learned and you can learn from this Twitter thread as well.
👇👇👇