Buy SuperiorCoin with SBD/STEEM

Buy SuperiorCoin with Steem and Steem Dollar on Steemit

Thursday, March 8, 2018

Blockchain News: Banks complete 25 million euros securities transaction on blockchain platform

Banks complete 25 million euros securities transaction on blockchain platform

NEW YORK (Reuters) - Credit Suisse Group AG (CSGN.S) and ING Groep NV (INGA.AS) have completed a 25 million euros ($30.48 million) securities lending transaction using blockchain-based software, the companies said on Thursday, as more projects involving the nascent technology behind cryptocurrencies get closer to yielding results.

The transaction involved the banks swapping baskets of securities through an application from financial technology company HQLAx built with a type of blockchain created by bank consortium R3, the companies said.

The trade was one of the first examples of a real-life capital markets transaction of its kind taking place on a system that uses blockchain, a distributed ledger that is maintained by a network of computers on the internet, the companies involved said.

“This was far more than a proof of concept in a fenced lab,” Charley Cooper, a managing director at R3, said in an interview. “These are regulated institutions in a real market and it is a unique demonstration that blockchain solutions are being deployed in commercial settings.”


Full story at http://reut.rs/2FBKQOo


Source: Reuters


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.