INCUMBENTS EMBRACING THE BLOCKCHAIN
NASDAQ - partnered with Chain to launch private company exchange NASDAQ “As blockchain technology continues to redefine not only how the exchange sector operates, but the global
financial economy as a whole, NASDAQ aims to be at the center of this watershed development,” - Robert Greifeld, NASDAQ CEO,
Citi - launched “Citicoin” project
® Cl t | "Blockchain technology not only has an opportunity to transform financial services but also extend far beyond payments to new use-cases and applications across industries," - Debby Hopkins, Chief Innovation Officer at Citi AS Santander - published: “Fintech 2.0 Paper: Rebooting Financial Services” Santander “Blockchain technologies could reduce banks' infrastructural costs by $15-20bn a year by 2022” Standard Chartered Standard "The banking industry is starting to see the many potential benefits of its underlying technology. For banks, Chartered a the blockchain has the potential to become a technology model for a low-cost and transparent transaction
infrastructure.” - Anju Patwardhan, Chief Innovation Officer
Royal Bank of Scotland - announced a $3.5 Billion technology revamp over next 3 years » 4 RBS "| don’t know what’s going to succeed. What I'm certain of is that we are going to see blockchain solutions The Royal Bank of Scotland eer-to-peer solutions emerging in our industry and we want to be close to that development.” - Simon McNamara, Chief Administrative Officer at RBS
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