Two European and one Japanese bank one have completed the first blockchain-based syndicated loan. Together with France’s BNP Paribas and Japan’s Mitsubishi UFJ Financial Group, Spain’s banking behemoth BBVA utilized a private blockchain network in arranging a syndicated loan amounting to US$150 million for grid operator Red Electrica. Initially reported by the Financial Times, legal
The post BBVA and Co-Lenders Complete $150 Million Syndicated Loan on a Blockchain appeared first on CCN
This post is an exerpt of an original post published on Crypto Coins News. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.