Today Hyperledger Foundation, the ecosystem for enterprise-grade blockchain technologies, announced seven new members. They reflect the growing enterprise focus on tokenization, blockchain and central bank digital currency (CBDC). The interest in tokenization is reflected by the addition of Deloitte and Japan Securities Clearing Corporation (JSCC). And the CBDC interest is represented by Norges Bank and the National Payments Corporation of India (NPCI), which both become associate members.
Japan Securities Clearing Corporation (JSCC) is the central counterparty clearinghouse for the Tokyo Stock Exchange (TSE) and Japanese commodities. It’s a subsidiary of JPX, which owns the stock exchange and also has blockchain interests.
Earlier this year, the JSCC started using blockchain to settle rubber futures. When the futures mature, the holder gets a ‘delivery order’ (not a warehouse receipt) for the physical rubber. Using blockchain the process is digitized. A token represents the delivery order and is verified digitally by the warehouse operator. The token is then transferred to the buyer online.
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