Industry Insights

Are We Ready for Self-Driving Banks?

Similar to how automotive laws, such as speed limits and turn signals, have been designed to protect against dangerous drivers and not dangerous cars, legacy banking regulations seek to regulate bankers, not banks. Blockchain technology and decentralised finance are delivering banking services through "self-driving banks", and regulators should revisit what a regulatory framework would look like in this new world.

Blockchain Platform Telos Launches Decentralised Finance Tool For Unlocking Liquidity

Telos announces a new tool, T-Bond NFTs, which combines Decentralized Finance and non-fungible tokens to create locked tokens that are only unlocked when a maturity date is reached or other specified conditions are met. 

OCC Recognizes Decentralised Networks and Stablecoins as Payment Rails

The Office of the Comptroller of the Currency of the United States has announced that national banks and federal savings associations may participate in independent node verification networks and use stablecoins to perform bank-permissible functions. As a result, Cayman-based banks may be afforded the opportunity to access a new, open, global payment infrastructure system that is active and accessible today.

U.S. Lawmakers Propose Bill That May Require Stablecoin Issuers to Acquire Bank Charters

The STABLE act has been recently introduced with a focus to ban any stablecoin that is not issued by a chartered bank. This bill would target dollar-denominated liabilities rather than non-bank dollar-denominated liabilities, such as Apple Pay, Google Pay, Paypal, Moneygram or Western Union, and may have unintended far reaching consequences for participants on a network with dollar-denominated stablecoins. 

European Central Bank - The Future of a Digital Euro

Bitcoin - A Monetary Revolution

The COVID-19 pandemic has showcased the success of Bitcoin in the monetary revolution. This virtual currency has been recognized as a place for wealthy individuals and companies to store their wealth because it is both scarce and sovereign.

How to Leverage the Power of Trust and Data

While data and technology continue to reshape our world and create opportunities, concerns about trust could halt their development. By prioritizing trust gaps, companies can remain at the forefront with advanced technologies and through trusted intelligence, businesses can build trust in data, advanced technologies and business models.

Eth2 - Introducing the Beacon Chain

Ethereum has introduced the Beacon Chain, the first step in a set of upgrades to address the clogged network, a growing required amount of disk space, and energy consumption needed to keep the network secure. The Beacon Chain's initial role will introduce staking to the Ethereum community and lay the groundwork for future upgrades. 

Cartan Group Launches 360° Industry Monitor

After the successful development of our private funds transparency report, Cartan Group has expanded our data discovery algorithms to other Caribbean financial services industries; in addition to the Cayman Islands, this data includes the British Virgin Islands, Bermuda, and the Bahamas. We have developed a 360° Industry Monitor that is currently surfacing a subset of data being collected.

OCC to Prohibit Discrimination Against Legal but Disfavoured Industries

In a bid to level the playing field, the OCC has proposed a new rule that will provide fair access to financial services. This new rule would prevent banks from blacklisting legal industries, including oil and gas and cryptocurrency businesses.