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citi launches blockchain-based payments service with nasdaq for private equity

citi launches blockchain-based payments service with nasdaq for private equity Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



citi launches blockchain-based payments service with nasdaq for private equity

a major u.s. bank and financial exchange have married two blockchain-based systems to enable clients who are raising funds or swapping private shares through nasdaq to take advantage of payment services provided by citi.the citi-nasdaq partnership is one of the first examples of an enterprise blockchain system to enter production. citi says the project went live on monday in an announcement at the annual consensus conference in new york city.over the past year, many banks and financial institutions have completed proofs of concept for projects that rely on blockchain or distributed ledger technology. but so far, few of those projects have graduated into functioning systems.nasdaq launched a b...