Nasdaq and Citi Treasury and Trade Solutions have introduced a new integrated payment solution that enables straight through payment processing and automates reconciliation by using a distributed ledger to record and transmit payment instructions. The system has been successfully used to complete a number of payment transactions, including Citi’s automated processing of cross-border payments via a link between the CitiConnect for Blockchain connectivity platform and the Linq Platform powered by the Nasdaq Financial Framework. The partnership between Citi and Nasdaq leverages the blockchain infrastructure platform.
