With many global banks relating their interest in blockchain technology, Finance Magnates summarizes which firms are doing what.
Bitcoin, the unregulated, volatile and controversial currency system has influenced coders, activists, entrepreneurs and investors alike. The Blockchain, which is the technology behind Bitcoin, is a public and decentralized online ledger that records all transactions performed with the currency.
This technology would not only change the way currency is transferred, but also the way that transfer is recorded, protected and managed. Although Bitcoin still suffers reputation issues due to its association with tax evasion and fraud, as well as unclear regulatory guidelines, the blockchain system has been drawing more positive attention. As a ledger system, banks in particular have become interested in the technology and see potential in a new opportunity to revolutionize currency and reporting of transactions.
With a slew of banks being connected to the blockchain, below is a summary of who is doing what, and which banks can be considered leaders in this field.
Barclays
In addition to exploring Ethereum with UBS, Barclays has signed a PoC with Safello, a payment platform that will allow donations to be sent to charities using bitcoin. This makes Barclays one of the few banks interested in using bitcoin itself as a currency. Safello has processed over $6 million in transactions and has over 20,000 registered users. The pact with Safello is part of its Fintech Accelerator Program that includes a number of cyrptocurrency startups. Barclays’ VP of Entrepreneurial Partnerships has released a corporate communications paper that indicates Barclays’ interest in using blockchain ledger technology in more physical applications, such as keeping track of the transactions of physical goods, like diamonds.
Wells Fargo
Wells Fargo, which has been known for constantly adapting to new innovations since the Pony Express, is rather cautious around Bitcoin. The bank hosted a summit for Bitcoin in the winter of 2013, and met with entrepreneurs looking to get backing for implementations of Bitcoin technology. The meetings were inconclusive. Wells Fargo is reluctant to invest in Bitcoin technology due to its controversy, particularly around the closing of the Mt Gox Bitcoin exchange and the arrest of a prominent bitcoin entrepreneur on money laundering charges.
JPMorgan & Chase
JPMorgan & Chase, currently the biggest bank in the United States by sales and assets, had patented a system back in 2013 to manage transactions that heavily resembles Bitcoin technology. However, no mention of Bitcoin or the blockchain was made in the patent.
UBS
UBS set up a blockchain research laboratory in London. The lab will occupy a dozen desks at the FinTech accelerator space known as Level39. UBS plans to look into how the blockchain can be used to finance transactions and the banking process, and additionally to analyze large amounts of data and evaluate risk. UBS has also joined Barclays and BNP Paribas in exploring Ethereum, which is a blockchain-based virtual machine used for user-based services. The CIO of UBS has stated that blockchain technology is expected to massively simplify banking.
Citigroup
Citibank’s Research and Development arm, the Citigroup Innovations Lab, has in fact created three blockchains and a currency to run through them, the Citicoin. The Citigroup Innovations Lab is planning to implement blockchain technology to allow transactions to be transparent, international, and nearly instantaneous. Kenneth Moore, Head of Citigroup Innovations Lab, reports that they are still at a pre-production level.
Goldman Sachs
Goldman Sachs participated in the $50 million dollars in blockchain startup Circle Financial. Circle is working on developing technology to send, receive, convert and store wealth. The investment is part of the bank's overall strategy to both develop in-house as well as invest in fintech startups as a potential source for future collaboration and integration of new technology. In a podcast this May, Lloyd Blankfein, CEO and Chairman of Goldman Sachs, stated, "When you ask me...what might this technology be doing to disrupt the industry or our company, it's a little bit of a funny sentence, because we are a technology company."
HSBC
HSBC has in fact closed the bank account of and severed ties with the first regulated Bitcoin fund. HSBC closed the account of Global Advisors Bitcoin Investment fund, run by Global Advisors hedge fund, citing risk of money laundering as its reason.
Santander
Santander, the world’s 10th biggest bank, has expressed interest in using the blockchain system to replace its outdated old system of record-keeping. However, Bitcoin itself is not as accepted as the blockchain technology by Santander. They have not disclosed which of its ventures or accelerators are focusing on blockchain. They have added that they feel that blockchain would only be useful if many banks adopt it, as it will allow better cooperation between banks. Santander's InnoVentures fund has stated that it may invest in blockchain related startups, but has yet to publicize a deal in the sector.
Bank of England
Last september the Bank of England stated that blockchain technology could have far-reaching potential. The UK government announced in March that it would invest £10 million supporting digital currency technology. The Bank of England then stated in July that central banks are looking into hybrid ledger systems through blockchain systems.
Deutsche Bank
Deutsche Bank formally announced they they were exploring commercial applications for ledger and blockchain technology in a response letter to the European Securities and Markets Authority (ESMA). This research is part of their 5 year “Strategy 2020” Plan. They plan to have innovation centers in Berlin, London and Silicon Valley.
Bitcoin, the unregulated, volatile and controversial currency system has influenced coders, activists, entrepreneurs and investors alike. The Blockchain, which is the technology behind Bitcoin, is a public and decentralized online ledger that records all transactions performed with the currency.
This technology would not only change the way currency is transferred, but also the way that transfer is recorded, protected and managed. Although Bitcoin still suffers reputation issues due to its association with tax evasion and fraud, as well as unclear regulatory guidelines, the blockchain system has been drawing more positive attention. As a ledger system, banks in particular have become interested in the technology and see potential in a new opportunity to revolutionize currency and reporting of transactions.
With a slew of banks being connected to the blockchain, below is a summary of who is doing what, and which banks can be considered leaders in this field.
Barclays
In addition to exploring Ethereum with UBS, Barclays has signed a PoC with Safello, a payment platform that will allow donations to be sent to charities using bitcoin. This makes Barclays one of the few banks interested in using bitcoin itself as a currency. Safello has processed over $6 million in transactions and has over 20,000 registered users. The pact with Safello is part of its Fintech Accelerator Program that includes a number of cyrptocurrency startups. Barclays’ VP of Entrepreneurial Partnerships has released a corporate communications paper that indicates Barclays’ interest in using blockchain ledger technology in more physical applications, such as keeping track of the transactions of physical goods, like diamonds.
Wells Fargo
Wells Fargo, which has been known for constantly adapting to new innovations since the Pony Express, is rather cautious around Bitcoin. The bank hosted a summit for Bitcoin in the winter of 2013, and met with entrepreneurs looking to get backing for implementations of Bitcoin technology. The meetings were inconclusive. Wells Fargo is reluctant to invest in Bitcoin technology due to its controversy, particularly around the closing of the Mt Gox Bitcoin exchange and the arrest of a prominent bitcoin entrepreneur on money laundering charges.
JPMorgan & Chase
JPMorgan & Chase, currently the biggest bank in the United States by sales and assets, had patented a system back in 2013 to manage transactions that heavily resembles Bitcoin technology. However, no mention of Bitcoin or the blockchain was made in the patent.
UBS
UBS set up a blockchain research laboratory in London. The lab will occupy a dozen desks at the FinTech accelerator space known as Level39. UBS plans to look into how the blockchain can be used to finance transactions and the banking process, and additionally to analyze large amounts of data and evaluate risk. UBS has also joined Barclays and BNP Paribas in exploring Ethereum, which is a blockchain-based virtual machine used for user-based services. The CIO of UBS has stated that blockchain technology is expected to massively simplify banking.
Citigroup
Citibank’s Research and Development arm, the Citigroup Innovations Lab, has in fact created three blockchains and a currency to run through them, the Citicoin. The Citigroup Innovations Lab is planning to implement blockchain technology to allow transactions to be transparent, international, and nearly instantaneous. Kenneth Moore, Head of Citigroup Innovations Lab, reports that they are still at a pre-production level.
Goldman Sachs
Goldman Sachs participated in the $50 million dollars in blockchain startup Circle Financial. Circle is working on developing technology to send, receive, convert and store wealth. The investment is part of the bank's overall strategy to both develop in-house as well as invest in fintech startups as a potential source for future collaboration and integration of new technology. In a podcast this May, Lloyd Blankfein, CEO and Chairman of Goldman Sachs, stated, "When you ask me...what might this technology be doing to disrupt the industry or our company, it's a little bit of a funny sentence, because we are a technology company."
HSBC
HSBC has in fact closed the bank account of and severed ties with the first regulated Bitcoin fund. HSBC closed the account of Global Advisors Bitcoin Investment fund, run by Global Advisors hedge fund, citing risk of money laundering as its reason.
Santander
Santander, the world’s 10th biggest bank, has expressed interest in using the blockchain system to replace its outdated old system of record-keeping. However, Bitcoin itself is not as accepted as the blockchain technology by Santander. They have not disclosed which of its ventures or accelerators are focusing on blockchain. They have added that they feel that blockchain would only be useful if many banks adopt it, as it will allow better cooperation between banks. Santander's InnoVentures fund has stated that it may invest in blockchain related startups, but has yet to publicize a deal in the sector.
Bank of England
Last september the Bank of England stated that blockchain technology could have far-reaching potential. The UK government announced in March that it would invest £10 million supporting digital currency technology. The Bank of England then stated in July that central banks are looking into hybrid ledger systems through blockchain systems.
Deutsche Bank
Deutsche Bank formally announced they they were exploring commercial applications for ledger and blockchain technology in a response letter to the European Securities and Markets Authority (ESMA). This research is part of their 5 year “Strategy 2020” Plan. They plan to have innovation centers in Berlin, London and Silicon Valley.
CFTC Drops Prediction Markets Ban Proposal, Aligns With SEC on Crypto Oversight
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
