Banco Bilbao Vizcaya Argentaria (BBVA), has carried out a Blockchain-based Syndicated Loan of $150 million, through a group of three funding banks including: French banking group BNP Paribas, Japan’s bank holding Mitsubishi UFJ Financial Group and BBVA.

#Investors-Group News - #Blockchain-based Syndicated Loan

Credit: CoinTelegraph

#Blockchain-based Syndicated Loan

I was scanning my news feeds earlier and came across this great article in CoinTelegraph that I thought I would share with you.

For those that may have missed this short article, I can recommend reading it.

The article talks about Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), having carried out a #Blockchain-based syndicated loan of $150 million.

The loan was made through a group of three funding banks including French banking group BNP Paribas, Japan’s bank holding Mitsubishi UFJ Financial Group (MUFG), and BBVA.

Credit to CoinTelegraph for the contents in the article.

You can read the full article here....

https://cointelegraph.com/news/bbva-leads-blockchain-based-syndicated-loan-of-150-million-with-bnp-paribas-and-mufg
Credit: CoinTelegraph

Credit: CoinTelegraph

The signed contract of the syndicated agreement has been recorded on the #Ethereum ( #ETH ) public blockchain after each step along the way had been recorded on the Hyperledger technology-based network.

In order to ensure the immutability of data against third parties, the contract signatures were been placed on blockchain as unique document identifiers, Finextra notes.

Credit: CoinTelegraph

Once again credit to CoinTelegraph for the contents in the article.

Thanks again for reading.

Stephen

#Investors-Group - Cryptocurrency News

Please feel free to use the #Investors-Group tag for: Stocks, Cryptocurrencies, Commodities and Investment related Blogs.

Disclaimer

Please note that the above information is for educational purpose only and is not to be taken as investment advice. Other Cryptocurrencies are available.