KPMG: U.S. Fintech Investment Reaches $14.2 Billion H1/18

According to a KPMG report, investment in U.S.-based fintech companies surged to $14.2 billion across 427 deals during the first half of 2018.

SEC Charges Two With Illegal Sales of Blockchain Internet Stock

The SEC charged T.J. Jesky and Mark F. Stefano with profiting from illegal sales of stock of a company claiming to have a blockchain-related business. The pair agreed to return approximately $1.4 million of allegedly ill-gotten gains and pay $188,682 in penalties.

BBVA Provides $375MM Revolver to Repsol Using Blockchain

Repsol and BBVA completed the first transaction involving a revolving credit facility using distributed ledger technology as part of a pioneering pilot project in corporate finance for the industrial sector.

HSBC, ING Execute L/C Via Blockchain for Cargill

HSBC and ING Bank successfully executed a live trade finance transaction for international food and agriculture conglomerate Cargill using R3’s Corda scalable blockchain platform.

Banks Embracing Blockchain to Manage Foreign Exchange

CFO reported that banks are increasing their use of blockchain technology, in part, because it enables them to more efficiently manage foreign exchange transactions.

Credium Launches Platform to Enable Blockchain for Lenders

Tel Aviv-based Credium launched a platform to allow any credit entity holding and buying non-securitized debt to accurately price and exchange their credit assets in a blockchain-based marketplace.