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Calastone Goes Live With World’s Largest Financial Services Community on Blockchain

Vlad Poptamas

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  • Calastone has successfully launched its blockchain-enabled Distributed Market Infrastructure (DMI)
  • The migration sees the largest group of financial services organisations ever to connect and transact on a live distributed ledger
  • The entire global funds network of more than 1,800 customers across 41 countries and territories have been migrated onto the blockchain-based network
  • The DMI enables friction-free trading, stripping out cost, risk and operational inefficiencies

Calastone, the largest global funds transaction network, today announces the successful go-live of its blockchain Distributed Market Infrastructure (DMI).

The technology underpinning Calastone’s network has now been migrated to a blockchain-enabled market infrastructure. The migration of Calastone’s global network of more than 1,800 customers across 41 markets is a world-first and represents the largest community of global financial services organisations connecting and transacting via distributed ledger technology.

Less than two years since Calastone announced the completion of its first phase to test the feasibility of using blockchain to develop a common global marketplace for the trading and settlement of funds, the company’s DMI is today live. This represents a major step in enabling digitalisation and friction-free trading at a significant global scale. Calastone has highlighted the scale of tangible value the DMI could bring to the industry, forecasting more than £3.4bn in savings per year for the mutual funds market worldwide, achieved through the technological mutualisation of the distribution model.

Financial services organisations around the world – whichever size and scale – can, through the DMI, now access a fully mutualised global funds marketplace whereby the trading, settlement and servicing of funds is conducted in real-time. This will play a key role in stripping out the ever-increasing costs, operational burdens and risks inherent within the current model.

Campbell Brierley, Calastone’s Chief Innovation Officer, comments:

“Developing the DMI has been a fulfilling journey of innovation and it is incredibly exciting to have completed a world first for the financial services sector. Over 1,800 clients across 41 markets are now transacting on the DMI, transforming how fund organisations interact with one another.

“Through Calastone’s blockchain-enabled market infrastructure all participants across the fund’s world can work together seamlessly and view trading activity in real-time. Information now ripples instantly across the market, a step change from the previous, fragmented model. Financial services firms worldwide can, via the DMI, utilise new services, enhanced capabilities and new investment opportunities, allowing them to evolve their proposition to one that will be more competitive and valuable long-term.”

At launch, the DMI immediately solves several key points of friction which are fully automated and visible as all participants are connected into a common infrastructure. It will also bring a new service, the Sub-Register, which creates a shared, real-time view and history of the registers between trading partners at any point in the distribution chain.

Julien Hammerson, Calastone’s Chief Executive Officer, adds:

“Since we launched in 2008, our vision has been to use innovative technology to create a friction-free funds market and reduce the overall cost of trading for all market participants. Today more than ever, investors expect increased returns, greater access and transparency, at a time when the funds industry feels the effect of growing cost pressures.

“The launch of the DMI today marks an important step for the entire funds industry, creating a friction-free global marketplace for funds. By leveraging the latest technology we are able to provide the investment management community with the tools they need to control risk and cost, while meeting the evolving needs of investors.”

In the lead up to the go-live, Calastone has been engaged with a community of early adopters who have had access to the technology, including RBC Investor & Treasury Services, Bravura Solutions, Seven Investment Management, Multrees and Tilney Investment Management.

 

SOURCE Calastone

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Stan Group Launched Buy-a-Brick to Reward Staff Members Through Revenue Sharing

Alexandru Marginean

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Pexels & AlexM
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An innovative staff incentive programme leveraging blockchain and real estate tokenization technology

Stan Group (Holdings) Limited (“Stan Group”) announced the launch of Buy-a-Brick, an innovative employee incentive and recognition programme that applies blockchain technology and real estate tokenization to enable Stan Group employees to generate wealth alongside Stan Group.

Committed to driving corporate innovation, Stan Group has pioneered the application of real estate tokenization to employee incentive and recognition. Buy-a-Brick is designed to motivate staff engagement in innovation, cultivate intrapreneurship and recognize staff for the efforts. Unlike other conventional revenue-sharing models, Buy-a-Brick provides employees with the opportunity to share the future capital gain of a building, without making any monetary contribution. A “Brick” is a digital token stored on the blockchain, which represents a smart contract for a selected building. By participating in Buy-a-Brick, if the property selected is sold and profit is made on the sale of that property, the brick holders will be entitled to share the profit made.

“We are thrilled to launch Buy-a-Brick for internal staff as it redefines staff appreciation. I believe every one of our staff members plays an integral role in the Group’s success and should be able to reap the reward and share the value created,” said Stan Tang, Chairman of Stan Group. “The launch of Buy-a-Brick has cemented the leading position of Stan Group in corporate innovation and entrepreneurship. Buy-a-Brick started with a dream, through matching the idea with resources within our business ecosystem, it is now a reality. I hope to ignite innovation and initiate change within and outside the Group, and shape a better future for entrepreneurs and all.”

Buy-a-Brick is the newest addition to the existing Stan Group credit system, where employees earn points with innovative business pitches, business referral, attending design thinking and other talent development workshops, etc. There are two types of points, namely Credit Point and Shared Value Point. With Credit Point, employees can redeem vouchers, hotel stay, and even an extra day off. On the other hand, the new Shared Value Points can be used to redeem a “Brick” at Buy-a-Brick.

About Stan Group

Stan Group (Holdings) Limited (“Stan Group” or “the Group”) is a leading conglomerate rooted in property with a wide array of diverse businesses. Committed to sustainable business development and social investment, the Group manages a HK$60 billion real estate portfolio in strategic partnership with the Tang Shing-bor family and operates more than 40 respected brands across five business pillars: property, hospitality, communication services, financial services and The STILE, innovative businesses with social purposes. Dedicated to innovation, collaboration, human focus and entrepreneurship, the Group’s core values empower it to achieve the vision of driving the vibrancy of society, and the mission of creating shared value (CSV) for shareholders, business partners, customers, employees and the community at large.

 

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Artificial Intelligence

Malta AIBC Summit secures largest crowd for 2019

Alexandru Marginean

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6000+ to attend Europe’s premier event for blockchain, AI, and emerging tech

 

Malta AI & Blockchain Summit will be Europe’s largest event for the blockchain, AI, and emerging tech sectors, it was today confirmed by events company SiGMA Group – the team behind the forward-looking business technology expo.  More than 6000 are expected to attend the show, taking place on 7th and 8th November at the Intercontinental Hotel in St Julian’s, Malta.

Many delegates will likely be attending the various conferences and workshops at AIBC Summit, which have always been extremely popular.  Headline topics will include the Future of Fintech, Business and Emerging Tech, Innovation, and of course, Regulation. Leading the discussions will be Joseph Muscat (Malta Prime Minister), Silvio Schembri (Malta Financial Services, Digital Economy and Innovation), Anthony Pompliano, AKON, Ian Balina, Matt Greenspan, Yorick Wilks, David Orban, Miko Matsumura, Grace Rachman, Tim Draper, Virgil Griffith, and Alfio Bardolla.

In addition to this enviable schedule of engaging content, the AI Start-up pitch will highlight 10 of the best Start-ups at the conference (there will be 100 or more in the Start-up village).   Each of these 10 companies will pitch their concepts and services to a panel of judges, with one set to win a business-supporting package for the year.

The AIBC Awards on 7th November will be a glittering celebration of the best of the best in the worlds of AI, blockchain, tokenisation, robotics, IoT, and more.  A charity event will wrap up the evening, with the intention of raising a 5 figure sum for the SiGMA Foundation’s global activities to help those in need.

Finally, this year’s show also adds glitz and glamour to the proceedings, courtesy of Grammy Awards-winning artist Akon, who will be delivering a keynote on the main stage about his West African AKOIN project, as well as performing at the extravagant closing night on Friday 8th November.

Eman Pulis, CEO & founder of SiGMA Group and AIBC Summit, said, “We’re so excited to bring this third edition of AIBC Summit to fruition in November.   Alongside the latest government initiatives to further establish Malta as Europe’s leading hub for technology, our wider Malta Week activity will develop the synergy between the blockchain and medical cannabis sectors, offering a profitable new direction for smart DLT investors.  It’s set to be a busy but successful week for everyone!”

– ends –

For sharing in social media, please use the handle: @AIBC Summit

Telegram: https://t.me/maltablockchainsummit

Hashtags: #AIBCsummit #BlockchainIsland

For further information, please contact: pr@maltablockchainsummit.com 

About AIBC:

Malta AI & Blockchain Summit is a bi-annual expo covering topics relating to the global sectors for blockchain, AI, Big Data, IoT, and Quantum technologies.  The event includes conferences hosted by globally renowned speakers, workshops for industry learning and discussion, an exhibit space accommodating more than 400 brands and much more.

The first Malta Blockchain Summit took place in November 2018 at the Intercontinental Hotel in St Julians, Malta, attracting 8,500 attendees from over 80 countries worldwide, with 300 sponsors and exhibitors, 200 speakers, and No. 1 AI VIP (Sophia the world’s first robot citizen). With strong support from the Maltese government, the event has quickly established itself as one of the world’s leading destinations for the growing sectors of AI, Blockchain and DLT, IoT, and other vertical industries. At the 2018 event the Maltese government introduced 3 new bills to support the growth of the sector and promoting Malta as the “Blockchain Island”.

AIBC Summit Official Channel:

https://t.me/maltablockchainsummit

 

AIBC Summit Official Group:

https://t.me/joinchat/OldghxVZWtOj_FedxyL

 

AIBC Media Group:

https://t.me/joinchat/NBq9J1Qq6rjR6aUrZohq1w

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Asia

ChainPoint 19 Conference | Connecting people, making future visible.

Alexandru Marginean

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Source: Nooor Blockchain Armenia
Reading Time: 2 minutes

ChainPoint 19 Conference – commenced in Yerevan, Armenia for the second time, on the 14th of October, 2019. The conference was hosted by Nooor Blockchain Armenia and suffice as the opening partner event for the Aurora Forum.

About five hundred attendees gathered in the beautiful Dvin Hall to discuss the current state of blockchain and future tech, where it is headed, and the true potential that lies within the Armenian ecosystem. Speeches by Vigen Arushanyan, President of Nooor Blockchain Armenia, Tigran Khachatryan, the Minister of Economy of the Republic of Armenia, and Noubar Afeyan, Co-Founder of Aurora Forum, opened the ceremony.

Over the fulfilled two-days-program, there were 16 presentations, 7 panel discussions and a whole lot of networking!  The key speakers included Global Crypto Leader and FinTech Leader for Asia at PwC Henri Arslanian, the Minister of Economy of the Republic of Armenia, Tigran Khachatryan, the Deputy Governor of the Central Bank of Armenia, Vakhtang Abrahamyan, the Deputy Governor of the Central Bank of Armenia, Chris Emms, the Business development manager at Bitcoin.com.

Topics of the the hottest panel discussions centered around:

  • the regulatory aspects of crypto-assets
  • Armenia as a home to future tech companies
  • investments opportunities in blockchain
  • the latest crypto trends and the rise of exchanges
  • the merging of FinTech with blockchain.

The conference was an exceptional way to converge Nooor’s international blockchain community and local enthusiasts of the technology. ChainPoint became a cornerstone of opportunity, investment, and new beginnings. Without a doubt, Armenia established itself on the world blockchain map, showcasing the untapped resources that the region can offer.

In the scope of the ChainPoint 19 Conference, we had a networking event at the Armenian General Benevolent Union (AGBU), flavoured with Henri Arslanian’s book presentation “The Future of Finance: The Impact of FinTech, AI, and Crypto on Financial Services”. In the framework of AGBU’s Bridge for CSO’s program Henri Arslanian was appointed  as the Goodwill Ambassador for Nooor Blockchain Armenia. With this there are a number of projects coming.

Additionally, during the conference we had witnessed the most outstanding speeches delivered from all the stakeholders involved in the development of blockchain in Armenia. Vakhtang Abrahamyan, the Deputy Governor of the Central Bank of Armenia, proposed his own vision towards the regulatory issues and stated that they are open to discussions and are looking at the market demand.

Parallel to the conference there was an Expo area where local and international businesses and organizations had the opportunity to present their offerings and receive feedback from the community.

One of the most noteworthy moments of the conference was the startup battle, which included a $350,000 prize fund raised by, CV VC labs, AE ventures, SmartGateVC, x10 Agency, ECOS and InnMind. The Prizes were granted to four lucky startups: CoinStats – the official portfolio tracking app of ChainPoint, To the Moon, Creatr and GeBeCert/SmartCheck.

ChainPoint 19 Conference is officially a part of the history now. See you at ChainPoint 2020 and let’s #thinkthefuture together!

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