Firms Activities

Nasdaq

Use blockchain platform to facilitate the secure issuance & transfer of shares of privately-held companies (Completed in Dec. 2015)

ASX

Aim to Implement a blockchain settlement system alongside its existing CHESS clearing system

Goldman Sachs

Led a $50 mn funding for Circle Inc. and invested in Digital Asset. Actively exploring blockchain applications. Filed patent application for Securities Settlement using cryptocurrencies

CBA, Westpac

Partnered with Ripple Labs to incorporate the blockchain technology into their systems.

Citi Citi is testing blockchain application and working on its own digital currency-Citicoin

Bank of America

Already filed for 15 blockchain-related patents (& drafting another 20). Actively working on a pilot in the trade finance space

Firms Activities SWIFT SWIFT Partners with Accenture to Develop

Distributed Ledger Platform as part of their Global Payments Innovation (GPI) Initiative

R3CEV Successful trial of 40 banks testing the issuance and trading of fixed income assets over 5 different blockchain technologies, on 3 different clouds.

China Formed Blockchain Group ChinaLedger Union – Plan to Standardize and Open Source Chinese Blockchain Technology

Digital Asset

Invested by JPMorgan, ASX, IBM, DTCC, Citigroup, Goldman Sachs, Deutsche Börse, BNPP, ICAP etc. (15 investors)

Santander Found over 25 possible use-cases of the blockchain that could be implemented to traditional banks

BNY Mellon

Trying to integrate bitcoin’s p2p model into their own client-server system. Launched their own BK coins (used internally by staffs).

Sources and References: Please refer to the additional slide

1. "has the potential to redefine transactions“ but it is not a back-office panacea. 2. Could potentially increases speed from T plus 2 to T plus 0; loosen liquidity. 3. Regulators, Banks, Exchanges, Corporates, Tech firms are ALL taking it seriously 4. Hurdles : governance, incentives, regulatory/legal, interoperability, scalability,

legacy. 5. Banks: adopt blockchain that fits developing regulatory framework? Other way

around? 6. Consensus – easier in vertically integrated market like Australia – 1 regulator for

all? 7. Independent blockchain for each bank or true value through interoperability? 8. Blockchain for trading? fundamental questions about how it will impact trading

practices 9. Tech Companies/Consultants who help banks to adopt the technology will be

sought-after 10.Banks only small piece of revolutionary pie: contracts, music, miles, homes, IDs,

health

Sources and References, Disclaimer

Bitcoin and Blockchain – Blockchain is a blockbuster, Schulte-Research http://ir.nasdaq.com/releasedetail.cfm?releaseid=919287 http://www.ibtimes.co.uk/r3-completes-trial-five-cloud-based-blockchain-technologies-40-banks-

1547260 https://www.cryptocoinsnews.com/asx-committed-to-blockchain/ http://www.bloomberg.com/news/articles/2015-04-30/goldman-joins-bitcoin-startup-circle-s-50-

million-fundraising http://cointelegraph.com/news/10-big-banks-that-are-seriously-looking-into-blockchain-technology http://techcrunch.com/2015/07/07/citibank-is-working-on-its-own-digital-currency-citicoin/ http://www.cnbc.com/2016/01/28/bank-of-america-is-going-big-on-blockchain-plans-to-file-20-

patents.html http://www.coinspeaker.com/2016/04/20/swift-partners-accenture-develop-distributed-ledger-

platform-financial-services/ http://www.the-blockchain.com/2016/04/20/chinese-form-blockchain-group-chinaledger-union/ https://digitalasset.com/about.html#investors http://uk.businessinsider.com/santander-has-20-25-use-cases-for-bitcoins-blockchain-technology-

everyday-banking-2015-6 https://www.coingecko.com/buzz/16-banks-experimenting-with-blockchain-technology http://www.bloomberg.com/news/features/2015-09-01/blythe-masters-tells-banks-the-blockchain-

changes-everything https://www.iosco.org/news/pdf/IOSCONEWS419.pdf http://www.thestreet.com/story/13229716/3/nasdaq-omx-group-ndaq-earnings-report-q2-2015-

conference-call-transcript.html https://www.iif.com/file/13405/download?token=XmUGI83c

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