Sitting at the Consenses 2017 we are seeing the live announcement of the Blockchain & Global Banking solution. It allows Nasdaq to use Citi's new Blockchain solution based on Chain. It allows better managed and more accurate cash in and out payments between investors / employee bank accounts, cash accounts and between private issuer/ company bank accounts. The solution takes away lots of paperwork and flow processes into a much better front to back, ease of transaction and fast solution. It allows for transaction that are relatively small to multi- million dollar transactions.
NEW YORK--( BUSINESS WIRE )--Nasdaq, Inc. (Nasdaq:NDAQ) and Citi (NYSE:C) Treasury and Trade Solutions announced today a new integrated payment solution that enables straight through payment processing and automates reconciliation by using a distributed ledger to record and transmit payment instructions. A number of payment transactions have been concluded including Citi’s automated processing of cross-border payments via a link between the CitiConnect® for Blockchain connectivity platform and the Linq Platform powered by the Nasdaq Financial Framework.