BMO, Ontario Teachers' test debt issuance on blockchain
Bank of Montreal (BMO) said it has successfully launched a pilot fixed income issuance transaction, mirrored on a blockchain platform alongside Ontario Teachers' Pension Plan. The transaction saw BMO sell $250 million of one-year floating rate deposit notes to Ontario Teachers’. It represents the first Canadian dollar fixed income issuance showing the viability of blockchain platforms, the bank said. BMO Capital Markets designed and built a blockchain issuance system using open-source blockchain infrastructure with the goal of testing a settlement system.
16 August 2018•3 mins read
