BNP Paribas Announces New Mini-Bond Blockchain Platform
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....
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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....
French bank BNP Paribas’ Securities Services, its custody arm, has unveiled a blockchain platform that will enable private companies to lend money to business using mini-bonds in exchange for company shares. In an announcement today, BNP Paribas has announced a new blockchain platform that will enable investors to issue mini-bonds for private company shares, as reported by Financial News. Mini-bonds are effectively a means for individuals or companies to lend money to businesses, directly. Unlike traditional bonds, they must be held until they mature. In other words, they cannot be cashed....
In fact, the collateral management blockchain project has an internal name, and is called Collat’Shaker. This project will improve efficiency in international trade transactions involving commodities. Everyone in the cryptocurrency world is well aware of how BNP Paribas is actively working on blockchain technology. Things have taken an interesting turn, as the financial institution is going into co-development mode. Various clients will be invited to pilot blockchain applications with a focus on transaction banking. An exciting development for distributed ledgers, that much is certain. The....
BNP Paribas and the Bank of Ireland have started trial runs for their respective blockchain applications. BNP Paribas has partnered with a crowdfunding platform, Smart Angels for the same. The banking sector is finally making some headway with their exploration of blockchain technology. Soon after UBS and Deutsche Bank made an announcement about the success of their blockchain technology experiment, two more international banks have now come up with their own solutions and testing them out. The French banking firm, BNP Paribas and the Bank of Ireland are the duo who have brought their....
The Central Bank of Colombia has announced its involvement in the first blockchain bond pilot program in the country, with the participation of the Interamerican Development Bank (IDB) and Davivienda, a private commercial bank. The proof of concept will use the Lacchain blockchain platform developed by the IDB, which will handle the operative part of the issuance. Central Bank of Colombia Joins Blockchain Bond Pilot Program The Central Bank of Colombia has announced its participation in the first blockchain bond program in the country. Issued by Davivienda, one of the most important....