BNP Paribas Taps Blockchain for Fund Distribution Platform
A subsidiary of banking giant BNP Paribas has revealed it is utilizing blockchain tech for a fund-distribution platform currently in development.
BNP Paribas and EY say they have "successfully" tested a private blockchain for the bank's global internal treasury operations.
BNP Paribas has partnered with Indian IT firm Tata Consultancy Services to bring blockchain's reliability to corporate event announcements.
Banking giant BBVA has completed a pilot that put a $150 million syndicated loan for Spain's electrical grid operator on the blockchain.
A new syndicated loan marketplace backed by a group of major banks is set to be launched on top of R3's Corda distributed ledger platform.
A subsidiary of French bank BNP Paribas has announced that its blockchain securities platform has reached a new milestone.