News Platforms 

Raiffeisen Among 18 Banks in First Global Tokenized Collateral Trial

“Twenty-eight organizations including Raiffeisen and 17 other banks have participated in the successful completion of the Ivno Global Tokenized Collateral Trial” writes Jack Martin for cointelegraph.com. This is the first global token trial on the R3 Corda platform, hosted on Microsoft Azure, as reported on Oct. 17.This represents the first global-scale trial on R3’s Corda platform.This was a live demonstration of how mobile collateral tokens can be used for instant settlement, collateral management and effective cash transfer. Source: cointelegraph.com

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Raiffeisen Bank International profit falls sharply

“Raiffeisen Bank International AG (RBI.VI) said Wednesday that fourth-quarter consolidated profit dropped steeply on year but that the company still delivered growth in 2018” writes Olivia Bugault for marketwatch.com. The Austrian banking group’s consolidated profit fell to 98 million euros ($111.6 million) in the quarter from EUR206 million in the same period a year earlier, it said.Net interest income rose to EUR843 million from EUR816 million, the bank said.Full-year net profit increased to EUR1.27 billion from EUR1.12 billion a year earlier, Raiffeisen said. Its consolidated profit was hit by the…

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Crypto News Oil Platforms 

Russia: Raiffeisen Bank, Gazprom Partner to Issue Bank Guarantee on Blockchain

“The Russian subsidiary of Raiffeisen Bank International has partnered with local state-owned oil giant Gazprom Neft to issue a bank guarantee on blockchain, Russian business newspaper Kommersant reported Nov. 12” writes Ana Berman for cointelegraph.com. Raiffeisen acted as an advising bank for the Russian oil company, while Priorbank of Belarus, which is part of  Raiffeisen bank group, issued a bank guarantee for the deal via blockchain.The system used was reportedly developed by Raiffeisen, on the basis of the bank’s blockchain platform R-chain, which it released in 2017.According to Kommersant, the…

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