To facilitate increase in efficiency and reduction in risks, US stock and bond trades will now settle in two, rather than three, days. Both Canadian stocks and bonds, and Mexican equities are also shifting to T+2. The move is in line with Europe, Australia and Hong Kong. 

A new report from Juniper Research has forecast that the value of cryptocurrency transactions will break the $1 trillion milestone before the end of 2017. This would mean a growth 15 times larger than the previous year.

The central banks of Japan and European Union have concluded that Distributed ledger technology is not mature enough to replace settlement systems.

Singapore is slowly emerging as a key hub for blockchain startups wanting to launch an Initial Coin Offering (ICO). The city-state of Singapore has always been a dream destination due to its tax-friendly regulations

Walmart-backed PhonePe to raise $1 billion in funding

Sources tell Bloomberg that the all-equity round is expected to close in the next two weeks and may take PhonePe’s valuation close to $13 billion.

CRED to acquire SaaS company CreditVidya

Indian fintech company CRED is set to acquire CreditVidya – a SaaS company that offers a lending-as-a-service platform. The transaction is a mix of cash & stock, and closure of the acquisition is subject to requisite approvals.