National Bank, others test debt issuance on blockchain: Reuters
JPMorgan Chase & Co has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, seeking to streamline origination, settlement, interest rate payments and other processes, Reuters reported. The test this week mirrored the Canadian bank’s US$150 million offering of a one-year floating-rate Yankee certificate of deposit. The platform was built over more than a year using Quorum, a type of open-source blockchain that JPMorgan has developed in-house and is in discussions to spin off.
20 April 2018•2 mins read
