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The project has created prototypes to model international transactions settlement via multiple CBDCs There remain concerns over who should transact on the platform, how to create a trusted payment system across governments, and how to deploy the platform despite varying regulations Last September, the Bank of International Settlements’ (BIS) Innovation Hub led the Monetary Authority of Singapore, the South African Reserve Bank, the Reserve Bank of Australia, and Bank Negara Malaysia in an initiative to prototype-test the use of CBDCs in settling cross-border transactions. The aim was to establish whether these government-controlled tokens can be vehicles enabling inexpensive transactions across the said countries. Today, the four central banks have confirmed in a released report that...
Struct Finance, a decentralized (DeFi) blockchain-based platform for structured financial products, announced in a Monday press release the completion of a $3.9 million seed round. The company said it will use the proceeds to compose, customize, and invest in DeFi products. Avalanche one of many investors Struct Finance is a protocol on Avalanche although it expects to scale into other EVM compatible chains in the near-term. Struct Finance tapped 24 investors to partake in the financing round. The group includes several notable standsouts, including Avalanche’s 200 Million Blizzard Fund. The roster of other investors includes: Antler, Assymetries Technologies, Arcanum Capital, Avalaunch, AVentures Dao, Bison Fund, Bixin Ventures, Double Peak, FBG Capital, Finality Capital Partners, Infinit...