Major institutional partner utilizing the Canton Network for capital market applications.

Representing a bear case for labor with plans to cut up to 20,000 jobs as it automates middle and back-office functions.

Contrasted with the new bank Erebor, HSBC was mentioned as a bank that has faced issues with illicit activities, implying a comparative weakness.

Used as a negative example of a bank with high regulatory and reputational risk, having 'faced massive fines for servicing illicit actors and cartels'.

Exemplifies a culture of 'overcompliance' and a highly risk-averse posture by refusing to re-engage with Iran even after sanctions were eased. This caution protects the bank from fines but may also mean forgoing growth opportunities in politically complex markets.

Mentioned as a well-performing European bank, up 70%, highlighting that specific companies in the region can offer strong returns despite broader economic concerns.

Mentioned as a key institutional backer of the Canton project, providing validation for Canton's focus on bringing institutional finance on-chain.

Mentioned as a major traditional finance partner and investor in the Canton blockchain project.

Participating in a blockchain solution test with Swift and ConsenSys on an Ethereum testnet, showing continued institutional engagement with the technology.

A research paper co-authored with IBM on using quantum computing for bond trading was heavily criticized as flawed and "100% bullshit," suggesting the company's positive results in this specific research area are not credible.