A distributed ledger trial united IBM and two Australia-based banks in an effort to improve the commercial property leasing process.
Twelve more banks have joined the distributed ledger consortium led by startup R3CEV.
The CEO of Westpac Group, one of Australia's 'Big Four' banks, has claimed it is "too soon" to panic about bitcoin.
Reinventure Group, a venture capital firm backed by Westpac, Australia's second-largest bank, has been revealed as one of Coinbase's Series C backers.