Daily Insights (Tuesday)

May 16, 2018

The Chicago Mercantile Exchange has announced the launch of the CME CF Ether-Dollar Reference Rate and Real-Time Index in partnership with UK-based digital asset exchange Crypto Facilities.

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“The Ether Reference Rate and Real Time Index are designed to meet the evolving needs of this marketplace. Providing price transparency and a credible price reference source is a key development for users of ethereum.” – Tim McCourt, CME Group managing director and global head of equity products and alternative investments.

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Taipei Fubon Bank states that the next stage in the project’s development is to expand the blockchain-powered payment system to stores and businesses across the Chengchi area.

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IBM has announced a partnership with Hong Kong’s Veridium Labs to use blockchain, the distributed ledger technology, to increase the efficiency in the carbon-credit market and make the process of offsetting carbon credits easier.

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Using IBMs expanding blockchain technology and expertise, the environmental financial technology company will issue and manage the tokens on the Stellar network. The move is a further step for Veridium Labs in pursuing environmental protections through distributed ledger technology.

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Major US crypto wallet provider and exchange service Coinbase has announced it is launching a suite of new products aimed at institutional investors.

The four products – Coinbase Custody, Coinbase Markets, The Coinbase Institutional Coverage Group and Coinbase Prime – all focus on alleviating major concerns that have allegedly caused institutional investors to hold back from entering the cryptocurrency space so far, such as security and regulatory compliance.

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“We think this can unlock $10 billion of institutional investor money sitting on the sideline. We’re seeing a rapid increase in attention awareness and adoption in the cryptocurrency market.” –  Adam White, Coinbase vice president and general manager.

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