BNP Paribas: Blockchains Will Destroy or Rebuild Securities Services
Blockchain technology will bring either doom or opportunity to securities services firms, according to European banking giant BNP Paribas. Writing in the bank's magazine, Quintessence, research analyst Johann Palychata said the bank forecasts two scenarios: "total disruption" or new, improved services for the institutions who handle the world's trades. He added: "In its purest form, a distributed blockchain system allows all market participants direct access to the DSD (Decentralised Securities Depositary), to the exchange and to the post-trade infrastructure (clearing & settlement). If....
Related News
French multinational financial services company BNP Paribas is building a new blockchain platform to allow private companies to issue mini-bonds — short-term debt instruments issued by private companies to investors. BNP Paribas Announces Newest Initiative. The bank’s custody arm, BNP Paribas Securities Services, is leading the new initiative at its new....
A subsidiary of BNP Paribas Group has announced a partnership that will find it leveraging blockchain technology to enable private companies to issue securities. Revealed today, the partnership finds BNP Paribas Securities Services, its asset services division, working with investment platform SmartAngels on a pilot the firms said would be launched in the second half of 2016, pending regulatory approval. In statements, BNP lauded the effort as a "major step" in advancing crowdfunding. The project will see BNP Paribas developing and managing a registry for shares in....
Writing onQuintessence, the financial magazine of BNP Paribas, financial securities research analyst Johann Palychata analyzes the possible impact and future implications of the blockchain for securities markets. He believes that Bitcoin is really an innovation and a disruptive open-source technology for the financial world. "Its core is the first successful attempt for a secure and decentralized register," says Palychata. "It should be considered as an invention like the steam or combustion engine. ". BNP Paribas, a French bank headquartered in Paris that was formed through the merger of....
BNP Paribas has revealed its securities services division is working on a blockchain platform that would enable retail investors to lend money to businesses via an instrument known as a mini-bond. According to Financial News, BNP Paribas Securities Services is building a distributed ledger platform that will maintain and record mini-bonds issued through the platform. For the effort, BNP is partnering with French crowdfunding startups Enerflip, Lendosphere and Lumo. The announcement is the latest that finds the French multinational bank exploring how it could use blockchain to better serve....
BNP Paribas Securities, the French bank, has partnered with SmartAngels, a Paris, France-based crowdfunding platform, to pilot the use of blockchain technology for funding startups and SMEs (small and medium-size enterprises), according to La Revue Du Digital, a French business news source. The test, a first in France, will allow unlisted firms to issue securities in the primary market. Investors will also have access to the secondary market. The pilot is scheduled to launch in the second half of the year, pending regulatory approval. BNP Paribas will operate the platform. The challenge is....