Winklevoss Brothers Get NYDFS Approval for Bitcoin Exchange; Nomura & Fidelity Show Interest in Blockchain

In some interesting news from the Bitcoin and blockchain world...

Bitcoin Exchange Gemini Gets NYDFS Approval to Commence Trading:

Gemini Trust Co., the bitcoin exchange founded by Cameron and Tyler Winklevoss, has received proper legal approval to commence trading by the New York Department of Financial services.

Gemini has begun onboarding customers and will officially open for trading on Thursday, October 8 at 9:30 AM, at which point customers will be able to buy and sell bitcoin for fiat currency.

"Bitcoin is an island right now and Gemini is building a bridge to the financial mainland. Gemini is simple and easy-to-use for a first-time bitcoin buyer while at the same time powerful enough and feature-complete for a professional trader," said Tyler Winklevoss, Chief Executive Officer of Gemini in the press release. "We didn't apply for a BitLicense because we wanted to build an exchange that both Main Street and Wall Street could use and trust, so we decided to obtain a limited liability trust company charter in order to do so. Even though this path was more costly and time-consuming, it was necessary to fulfill our goal of serving institutional customers."

Nomura Launches Study on Blockchain for Securities

Nomura Research Institute (NRI), a provider of consulting services and system solutions in Japan, announced it will look into the possibility of using blockchain technologies in the securities industry.

NRI conducts studies on blockchain for usage in the securities industry. The study will be conducted in collaboration with Nomura Securities in addition to other technology startups. The results will be used to investigate opportunities for practical application of the distributed ledger technology after the study is completed in January 2016.

The official announcement reads:

The impetus behind creating this study emerged from NRI’s continuous commitment to promoting open innovation is based on the understanding that the financial and technology sectors are becoming increasingly linked. The unique value created by the merger of existing business with advanced technologies and services provided by new ventures, such as blockchain, is a large area of interest for the financial services industry in Japan and worldwide.

Fidelity Investments Sponsor the Dublin Blockchain Hackathon:

Fidelity Investments have shown interest in blockchain technology by sponsoring the Dublin blockchain hackathon. The event will feature 150 participants and a prize money of €10,000.

The event has been explicitly publicized to put Ireland back on the map as one of the leading destination for research and development related to blockchain.

Aidan Kenny, VP of innovation, Process Excellence & Applied Technology at Fidelity Ireland said, Blockchain technology has the potential to become one of the most significant innovations the global financial services ecosystem has seen. Fidelity Investments Ireland is delighted to sponsor this event and to play a key role in supporting participants.