Standard Chartered Joins EquiChain's Capital Markets Blockchain Pilot

Standard Chartered Joins EquiChain’s Capital Markets Blockchain Pilot

Multinational banking firm Standard Chartered has inked a year-long partnership deal with fintech startup EquiChain to join its blockchain pilot focused on bringing efficiencies to the capital markets. In a statement, U.K.-based Standard Chartered said it will be the first custodian to join EquiChain’s user group for the prototype platform. Using blockchain technology to enable the direct exchange of value between financial incumbents, the effort aims to do away with "the current need for multiple touchpoints and the inefficient interaction of different systems." Both firms will work together to meet the objectives of the pilot by sharing industry standards […]