The world's largest asset manager BlackRock (NYSE:BLK) has joined the equity swaps network Veris, developed by blockchain company Axoni.
According to a recent announcement, the $9.5-trillion giant is in good company in using Veris considering that Citigroup Inc. (NYSE:C) and Goldman Sachs Group Inc. (NYSE:GS) have already joined the network.
BlackRock will use Axoni's platform to match trades and confirm all of its terms upfront and keep all parties synchronized on post-trade events including amendments, positions and cash flows....More>>>