ChainCatcher news, according to Ledger Insights, UBS has successfully piloted a blockchain-based payment system known as UBS Digital Cash, aimed at improving the efficiency of cross-border transactions.UBS stated in a press release that the pilot involved transactions with multinational clients and banks, including domestic transactions in Switzerland and cross-border payments in USD, CHF, EUR, and CNY. UBS plans to further expand and develop UBS Digital Cash.It is reported that the system uses a private blockchain network, accessible only to authorized clients.

ChainCatcher news, according to Coindesk, German industrial giant Siemens AG successfully issued and settled tokenized commercial papers using JPMorgan's blockchain payment system Onyx and the private blockchain of SWIAT.On September 13, Siemens issued crypto securities worth 100,000 euros under Germany's Electronic Securities Act (eWpG) and redeemed them three days later. The payment was completed through JPM Coin system on the Onyx network, while the asset transfer was settled on the SWIAT network's "delivery versus payment" (DvP) mechanism. The entire process took only 93 seconds from the confirmation of the transaction by both parties on SWIAT to the final confirmation of asset and payment transfer.This transaction marks the beginning of cooperation between Onyx and SWIAT to develop blockchain-based asset issuance products for commercial banks. The two parties aim to shorten the value chain, enhance transaction flexibility and speed, and ultimately enable scalable applications of blockchain-based financial transactions for commercial banks.

ChainCatcher news, according to Bloomberg, Singapore's cross-border payment and settlement company Partior has completed a $60 million Series B funding round. This round was led by Peak XV Partners (formerly Sequoia India), with other investors including Jump Trading, Valor Capital, and its existing shareholders Temasek Holdings Private Limited, JPMorgan Chase, and Standard Chartered Bank.

ChainCatcher news, at the Oak Grove Crypto 2024 held on April 5, Alchemy Pay's Asia-Pacific Partner Director Adam Farhat mentioned in "Bridging the Fiat and Crypto Global Economies" that since its establishment in 2017, Alchemy Pay has supported over 50 fiat currencies as the infrastructure for blockchain payments, with its technical solutions covering 173 countries. Alchemy Pay's future goal is to cover any country and region globally.Adam Farhat stated that Alchemy Pay is also at the forefront of global compliance, with its team having established long-term cooperative relationships with governments in various countries and regions. Alchemy Pay has obtained licenses in several countries and regions, including Indonesia, Europe, the United Kingdom, Arkansas, and Iowa in the United States, and is committed to obtaining more operational licenses in additional countries and regions.

ChainCatcher news, blockchain payment company Zone announced the completion of a $8.5 million seed round financing, led by Flourish Ventures and TLcom Capital, with participation from Digital Money Group (DCG), VKAV (Verod-Kepple Africa Ventures), and Alter Global.The new funding will enable Zone to further expand its network coverage in Africa, connecting more banks and financial service companies. The company plans to continue building a blockchain-based decentralized payment infrastructure for financial service providers across the African continent and beyond.It is reported that Zone is Africa's first decentralized payment network, whose Layer-1 blockchain network digitizes fiat payments and facilitates the transition to digital currencies while connecting financial institutions to a broader payment ecosystem.

ChainCatcher news, according to CoinDesk, MetaMask is collaborating with Mastercard to test the first blockchain payment card. Marketing materials show that the MetaMask/Mastercard payment card is issued by Baanx and will be "the first truly decentralized Web3 payment solution," allowing users to use cryptocurrency for everyday purchases anywhere that accepts bank cards.

According to ChainCatcher news and the official announcement, the UPCX project has been selected as the official blockchain payment sponsor for the 2024 Doha World Swimming Championships and the FINA Swimming World Cup series. The 2024 World Championships will be held from February 2 to 18 in the capital of Qatar, and the FINA Swimming World Cup series is scheduled to take place in Shanghai, China, Incheon, South Korea, and Singapore from October to November 2024.It is reported that the UPCX project is committed to optimizing financial solutions and payment models through blockchain technology, aiming to provide consumers with more convenient services. During the two major international events, the "UPCX" logo will be displayed on the athletes' bibs, and there are plans to showcase the same logo on various digital multimedia platforms, including the official competition website.

ChainCatcher news, according to CoinDesk, blockchain payment company Fnality has completed a $95 million Series B funding round, led by Goldman Sachs and BNP Paribas, with participation from DTCC, Euroclear, Nomura Securities, and WisdomTree.Santander Bank, BNY Mellon, Barclays, CIBC, Deutsche Bank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street Bank, Sumitomo Mitsui Banking Corporation, and UBS Group participated in Fnality's $63 million funding in 2019 and have committed to further investments.According to the crypto data platform RootData, Fnality aims to explore how blockchain and distributed ledger technology (DLT) can use tokenized cash assets to settle securities transactions, with the core goal of creating peer-to-peer digital cash assets for the ultimate settlement of tokenized transactions.

ChainCatcher news, according to Techfundingnews, London-based blockchain payment platform Orbital has completed a £5 million (approximately $6.8 million) Series A funding round, led by Golden Record Ventures, with participation from New Form Capital, GSRV, Psalion, and Luminous Futures.The funds will be used to further develop platform technology and expand market share. Orbital plans to strengthen its position in the blockchain payment sector and expand its global operations through continuous innovation and the provision of high-quality services.

ChainCatcher news, according to regulatory documents cited by DealStreetAsia, blockchain payment technology company Partior has completed a $31 million Series A funding round.ChainCatcher previously reported that on November 3, 2022, according to Ledger Insights, Partior completed its Series A funding round, led by Standard Chartered Bank, with participation from founding shareholders JPMorgan, DBS Bank, and Temasek. The transaction amount has not been disclosed. (source link)

ChainCatcher news, Singapore blockchain payment technology company Partior announced the completion of its Series A financing, led by Standard Chartered Bank, with participation from founding shareholders JPMorgan, DBS Bank, and Temasek. The transaction amount has not been disclosed and is awaiting regulatory approval.It is reported that Partior is developing a blockchain-based interbank payment network, which is expected to support eight currencies: US Dollar, Singapore Dollar, British Pound, Euro, Australian Dollar, Japanese Yen, Offshore Renminbi, and Hong Kong Dollar. Each bank is responsible for its own node on the network, with Standard Chartered Bank becoming one of the Euro settlement banks. (source link)

Chain Catcher news, blockchain payment company Fnality announced that it has received investment from Nomura Holdings, with the specific amount not disclosed. Fnality stated that it plans to use this investment to expand its influence in the capital markets of Europe, the United States, and Japan.Nomura Holdings will also join the "Global Banking Alliance" initiated by Fnality (focused on establishing a regulated peer-to-peer payment system based on digital assets), with current members including Credit Suisse, the European Clearing Bank, and State Street Corporation.Previous report, Fnality is seeking £50 million (approximately $56 million) in Series B funding, with investment bank Broadhaven Capital Partners assisting in raising the funds. (The Block)

According to Chain Catcher, citing informed sources from The Block, blockchain payment company Fnality International is seeking £50 million (approximately $56 million) in Series B funding, with investment bank Broadhaven Capital Partners assisting in the fundraising. An American company has already invested alongside a mid-sized investment bank. Fnality International conducted a proof of concept for issuing tokenized securities on Ethereum this February, with NatWest and Santander participating as issuer and investor, respectively. ( The Block )

According to Chain Catcher news and reported by TechCrunch, Nigerian blockchain payment startup Bitmama has completed a $2 million pre-seed funding round, led by Unicorn Growth Capital and Launch Africa, with participation from Adaverse, Flori Ventures, Tekedia Capital, GreenHouse Capital, ODBA, Five35 Ventures, Chrysalis Capital, Enrich Africa, Thrive Africa, and Angellist Ventures.It is reported that Bitmama will use this funding round to strengthen its team, consolidate product offerings, and expand its market presence in Africa, while also exploring new use cases for cryptocurrency on the continent. The company was founded in 2019 and recently launched a social payment solution called "Changera," which allows customers to make remittances and international payments using Stablecoin via virtual cards on Netflix and Amazon. (Source link)