• Sat, 24 Aug 2019, 10:36 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

IHS Markit makes strategic investment in blockchain startup Cobalt

Thu, 31 Jan 2019, 11:01 am UTC

Global information provider IHS Markit has announced a strategic investment in blockchain startup Cobalt.

Founded in 2015, Cobalt is focused on re-engineering the institutional foreign exchange (FX) market. It provides a shared back and middle office infrastructure which combines low latency and shared ledger technology. It helps create a shared view of trade data, thereby freeing up back and middle office resources from multiple layers of reconciliation.

In addition to the investment, IHS Markit announced that MarkitSERV, which provides end-to-end trade processing and workflow solutions that support all participants in OTC trading, will collaborate with Cobalt to accelerate the delivery of innovative post-trade processing services for FX markets.

Together, they will offer a shared post-trade infrastructure which will help replace the existing manual processes and bring increased efficiency and reduced operational risk to the FX market. The collaboration will bring together MarkitSERV’s global network of over 800 FX counterparties and venues and Cobalt’s advanced back and middle office platform.

According to the official release, the integration between MarkitSERV and Cobalt is already complete, with trade data flowing from customers and trading venues via MarkitSERV into the Cobalt platform.

“This collaboration marks the start of a major transformation in FX infrastructure,” said Chris Leaver, managing director and head of FX at MarkitSERV. “The majority of the FX industry is already integrated with the MarkitSERV network and we now offer the community turn-key access to the Cobalt platform and the opportunity to radically streamline post-trade workflows.”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,038.10 (-3.57%)
  • Ethereum (ETH) $188.58 (-2.91%)
  • XRP (XRP) $0.271000 (-1.89%)
  • Bitcoin Cash (BCH) $304.73 (-3.18%)
  • Litecoin (LTC) $73.00 (-2.99%)
  • Bitcoin (BTC) $10,038.10 (-3.57%)
Aug 23, 2019 (Friday)
Stablecoin project Terra receives funding from HashKey Capital
Three of the founding members of Libra Association consider backing out: Report
Overstock's Patrick Byrne steps down as CEO
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
BitGo announces support for multi-signature EOS wallet and custody services
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
Crypto exchange Coincheck mulls launching IEO Platform
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Sierra Leone launches blockchain-based National Digital Identity Platform
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.