Bloomberg: Lloyd's Bank Partners with Aberdeen Investment Company and Archax for Forex Trading Cooperation
BlockBeats News, July 14th, according to Bloomberg, Lloyds Banking Group Plc and Aberdeen Investments, a fund management company, have partnered with the cryptocurrency exchange Archax to facilitate foreign exchange contract trading by using digital assets as collateral, aiming to reduce the costs of the trading sector.
This partnership enables Aberdeen and Lloyds to conduct foreign exchange transactions using blockchain technology, which allows the tokenization of real-world assets for use as collateral. Under this initiative, UK government bond-supported digital tokens and Aberdeen Investment's money market fund share units have been issued, transferred, and custodied by the UK-based Archax.
You may also like
Gainers
Latest Crypto News
Trump Says Fed Chair Should Cut Interest Rates, Reiterates Criticism of Powell
In the past 24 hours, the entire network liquidated $376 million, with the majority coming from the largest short position
The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 87.2%.
Trump: Will Announce New Fed Chair in Early Next Year
Coinbase International Site to Launch DASH Perpetual Contract Trading
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]