o3n [ozone] blockchain layer

Blockchain source

Menu
  • Cybersecurity services
Menu

Stockholm IT Ventures AB Subsidiary Partners With Valens Bank for “Crypto Fund Trading”

Posted on August 23, 2018 by nbelov

Swedish company Blocktrade Technology Ltd. will provide software for German Valens Bank for “Crypto Fund Tradings.”

Stockholm IT Ventures AB (SITV), a Swedish company specializing in cryptocurrency and blockchain technology, has announced its subsidiary has finalized a software license agreement with Valens Bank, according to the official August 22 press release.

The agreement between Blocktrade Technology Ltd. (BTT), a subsidiary of SITV, and the German Valens Bank will allow the “multi-currency financial services startup” to “use the BTT Crypto Trading Toolbox exclusively for Crypto Fund Trading.” The press release notes that this is the second agreement between BTT and Valens Bank connection with digital financial services.

In exchange for a 1.5 percent yearly license fee for BTT on the “deployed capital into the trading program set forth by Valens Bank,” the two companies will collaborate in preparation for a September 2018 launch of the product for Valens Bank clients, according to Torben Pedersen, director at Valens Bank.

The Scandinavian region has recently contemplated embracing blockchain technology and cryptocurrencies. Back in May, Norway’s central bank had announced that it was considering developing its own digital currency with at least three possible applications: the introduction of a reliable alternative to deposits in private banks, as suitable legal tender as a supplement to cash, and an independent backup solution for electronic payment systems.

In Germany, the country’s second largest stock exchange announced its plans in early August for developing a new platform for Initial Coin Offerings (ICO) as well as a multilateral crypto trading venue.

Source: Cointelegraph https://cointelegraph.com/

Recent Posts

  • The blockchain brief: What payments industry professionals should understand about Web3 domains – The Paypers May 19, 2022
  • Nifty News: BAYC floor price drops 50%, Lonely Apes doesn’t attract women, and more May 19, 2022
  • The Dept. of Commerce has 17 questions to help develop a crypto framework May 19, 2022
  • Coinbase launches new crypto think tank to help shape policies May 19, 2022
  • 'Huge testing milestone' for Ethereum: Ropsten testnet Merge set for June 8 May 19, 2022
  • Jamiroquai to Bring 'Virtual Insanity' to The Sandbox Blockchain Metaverse – Metaverse Bitcoin News – Bitcoin News May 19, 2022
  • Crypto Platform Hack Rocks Blockchain Community – Bloomberg May 19, 2022
  • Defiant Chinese netizens skirt lockdown censorship using blockchain – Financial Times May 19, 2022
  • Crypto jobs market holding up despite tech industry cutbacks May 19, 2022
  • Vietnam Blockchain Association Affirmed Their Objectives And Missions In Industry 4.0 – GlobeNewswire May 19, 2022
  • Novogratz says LUNA tattoo is a constant reminder investing 'requires humility' May 19, 2022
  • 'Grim Reapers' financial crimes unit revived to investigate Terra collapse May 19, 2022
  • $3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M May 19, 2022
  • Russia will inevitably legalize crypto payments says trade minister May 19, 2022
  • South Africa's Sinan Energy launches carbon tokenization blockchain platform – CoinGeek May 19, 2022
  • NY Department of Financial Services Outlines How Blockchain Analytics Should Be Used for Compliance – JD Supra May 19, 2022
  • LimeWire Signs Deal With Universal Music for Music NFT Licensing, Blockchain Gaming in Focus – CoinDesk May 18, 2022
  • SEC chair uses crypto enforcement in justification for FY2023 budget May 18, 2022
  • Blockchain defies a key UX tenet – hackernoon.com May 18, 2022
  • Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation – Geeks World Wide May 18, 2022
  • Today in FinTech: Bamba Snags $3.2M; Block Shifts Focus to Blockchain – PYMNTS.com May 18, 2022
  • Candidate supported by Bankman-Fried-linked PAC loses Oregon primary May 18, 2022
  • Blockchain Data Indicates $10M Worth Of Ether From The Ronin Exploit In Rotation – NewsBTC May 18, 2022
  • Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan May 18, 2022
  • Blockchain and SWIFT’s dominance in global finance – VentureBeat May 18, 2022
  • Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine? May 18, 2022
  • Industrial Blockchain Market to Increase Exponentially During 2027 – NewsOrigins May 18, 2022
  • Crypto and Blockchain Get a Gut Check on Risk and Stability – Yahoo Finance May 18, 2022
  • Meta trademark filing hints at plans for crypto payments platform May 18, 2022
  • Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB May 18, 2022

Ad

Ad

©2022 o3n [ozone] blockchain layer | WordPress Theme by Superbthemes.com