Tag: Paribas

Fintech Startup Fnality Raises $95M in Funding Led by Goldman and BNP Paribas

With the recently secured Series B funding, Fnality is poised to continue its pioneering work in the tokenization of fiat currencies backed by Central Bank cash. Fnality, a fintech firm focused on building tokenized versions of major currencies collateralized by cash held at central banks, has successfully secured $95 million in its Series B funding round, with major financial institutions like Goldman Sachs Group Inc (NYSE: GS) and BNP Paribas SA (EPA: BNP) leading the investment. Fnality Funding and Key Participants The investment also had participation from key players such…

Goldman Sachs, BNP Paribas Lead Funding Round for Fnality

DTCC, Euroclear, Nomura and WisdomTree participated in the round, which also saw further commitment from a number of banks that backed Fnality’s $63m fundraise back in 2019: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corporation, and UBS. Source

BNP Paribas Navigates Turbulent Waters with Positive Results in Q3 2023

However, BNP Paribas is not immune to the challenges faced by many of its peers in the banking industry. French multinational banking giant BNP Paribas SA (EPA: BNP) recently released its Q3 2023 financial result, painting a picture of adaptability and resilience in a tumultuous economic environment. Under the stewardship of CEO Jean-Laurent Bonnafe, the bank has made strategic moves that have enabled it to withstand headwinds and maintain steady performance, even as the global financial landscape experiences seismic shifts. BNP Paribas In-Line Quarterly Result For the third quarter of…

Orange to Transfer Bank Operations to BNP Paribas as Both Giants Begin Exclusive Acquisition Talks

After sustaining more than 1 billion euros in losses, Orange has decided to exit retail banking and has begun negotiations with BNP Paribas. French telecommunications giant Orange is looking to get out of the banking sector by selling Orange Bank to BNP Paribas. Orange has now begun exclusive negotiations with BNP Paribas, which would end Orange’s banking business if successful. Orange Bank has faced a little too much difficulty since the telecoms giant ventured into retail banking. The Orange Group began banking after buying a majority stake in Groupama Banque…

BNP Paribas teams up with Bank of China to promote digital yuan usage

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The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China’s digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.  The partnership will enable BNP Paribas China’s corporate clients to connect with the BOC system, allowing users to manage their digital yuan wallets by linking them to their bank accounts, track transactions, and make payments using China’s digital currency via an e-CNY management system. The e-CNY management system also promises to make it easier and more convenient for clients…

BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report

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BNP Paribas Joins JPM’s Blockchain Network Onyx for Fixed Income Trading: Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

BNP Stock Up 6%, BNP Paribas Report Mixed Results for Q3 2020

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If BNP stock can strongly rebound from the current support level, it will be a new bull run capable of ATH breakout. French international banking group BNP Paribas SA (EPA: BNP) stock has jumped over 6% on Tuesday after the company reported mixed results for the third quarter. At the time of writing, BNP stock was trading at around €33.06. Being the largest bank in France, BNP Paribas earnings report shows a lot of things about coronavirus and the market in general. At the height of the coronavirus pandemic, BNP…

BNP Paribas connects to major stock exchanges with DAML smart contracts

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BNP Paribas’ securities arm has partnered with Digital Asset to develop a number of real-time trade and settlement applications using DAML-based smart contracts, the firm announced on Sept. 15. The new DAML-driven apps will connect BNP Paribas Securities Services with major global stock exchanges like the Australian Securities Exchange, or ASX, and the Hong Kong Exchange, or HKEX. The apps will provide market participants in the Asia Pacific with real-time access to ASX’s and HKEX’s upcoming blockchain-based trading and settlement platforms. BNP Paribas will specifically connect to the ASX’s blockchain-powered equity…