BNP Paribas Will Offer Blockchain Tools to Securities Market
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....
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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, one of the largest banks in the world, has released a new report in which the bank details two scenarios for the integration of blockchain technology in our financial system, while arguing that bitcoin, "the first successful attempt for a secure and decentralized register," should be considered as a major disruptive invention "like the steam or combustion engine." In a report published in Quintessence Magazine, an information portal in which the bank shares market analysis and commentary from industry experts and BNP Paribas specialists, Johann Palychata, research analyst at....
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....
BNP Paribas Fortis has denied it is exploring the idea of entering the bitcoin space as a digital vault provider. A spokesperson for the international Belgium-based bank - a subsidiary of BNP Paribas - told CoinDesk the company was not planning to allow its customers to store bitcoin as they would any other asset. The spokesperson added: "I will disappoint you because we do not have a project regarding the bitcoins. So, it's not true." BNP Paribas Fortis' denial comes after CoinDesk was contacted by a subscriber to the Bitcoin Brussels mailing list, who claimed to have received an email....