Michigan-based mortgage lender LitFinancial on Wednesday debuted its U.S. dollar stablecoin, dubbed litUSD, on the Ethereum blockchain as the digital dollar movement is expanding beyond crypto natives. The firm said it plans to use the token to cut funding costs and improve treasury management operations, while also exploring on-chain settlement of mortgage payments. That shift … Read more
Asset management firm UBS has announced that it has completed the pilot trial of a blockchain solution, that will help financial institutes streamline their service offerings around tokenised assets. The Switzerland-based firm currently has a market cap of over $104.3 billion (roughly Rs. 8.8 trillion). Diving deeper into blockchain use cases, UBS teamed up with … Read more
Microsoft unveiled a new artificial intelligence (AI) tool called Copilot for Finance on Thursday, aiming to help financial professionals easily navigate everyday mundane tasks. The Copilot tool is not a new AI model, and instead builds on the existing Copilot for Microsoft 365 stack to bring new features specific to financial operations. It is an … Read more