Scotiabank completes blockchain trial with Alphapoint
The platform digitises financial instruments on its proprietary distributed ledger to create trading venues for those blockchain assets and to manage pre-trade and post-trade workflows, along with existing systems – and Scotiabank has evaluated how it can contribute to a variety of processes, in a project lasting several months.
“Distributed ledger technology [DLT] enables institutions to rethink how data flows within their organisations,” states Joe Ventura, founder and CEO of Alphapoint.
“Partnering with Scotiabank is an amazing experience – their team is leading the charge by proving out pragmatic, near-term implementations of this revolutionary technology.”
By Soumik Roy, editorial contributor to Banking Technology