Crypto Updates

Finastra Enables Digitalization of OTC Derivatives

Hyperledger Foundation Adds New Members to Its Consortium

Finastra, a provider of financial software apps, announced on Tuesday a partnership with Fragmos Chain, a blockchain technology platform, which will enable the digitalization of over-the-counter (OTC) derivatives.

According to the press release, banks and financial institutions can digitalize their OTC products, reducing the risks and costs usually associated with manual processing. It is possible due to the automation of derivative confirmation and post-transaction processes.

Fragmos Chain is a cloud blockchain

Click Here to Read the Full Original Article at CryptoCurrency – Finance Magnates | Financial and business news…