The latest technology news in the wealth management sector from around the world.

HSBC
HSBC in Singapore has held a “successful pilot” of the first blockchain-based solution for property developers making payments to suppliers and vendors of major real estate projects.

The pilot transaction was implemented by Property Enterprises Development, a joint developer of projects such as One Raffles Quay and Marina Bay Financial Centre, and a member of CK Asset Group, a large developer in Hong Kong, HSBC said in a recent statement. 

Highlighting this blockchain-driven transaction is an example of how banks and financial firms are increasingly using distributed ledger technology to handle their business.