The transaction involved placing commercial bonds in the amount of RUB 750 million ($12M USD) with a maturity of 182 days and an annual coupon rate of 6.8% on the OTC market.
Banking and financial services organization HSBC and Dutch bank ING have conducted their first live trade finance transaction using blockchain technology. The value of the transaction has not been disclosed.
HSBC and Dutch bank ING successfully completed the transaction for US-based agriculture company Cargill.
The Polish Credit Office (BIK), the largest credit bureau in Central and Eastern Europe, has teamed with blockchain startup Billon to implement blockchain technology for storage and secure access to sensitive customer information.
Founded in 1997, BIK is owned by the largest banks in Poland,
OpenPort is a digital logistics platform using blockchain technology to transform domestic distribution in emerging markets. It provides ERP-integrated shipment visibility and electronic proof of delivery from any road freight transporter.
Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) has successfully completed a global corporate loan transaction using blockchain technology.
BBVA reported that it has closed a €75 million ($91M USD) corporate loan deal with technology partner Indra. The pilot transaction was conducted on a mutually distributed ledger that informed both the bank and the borrower of the loan’s progress.
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Tokenized securities startup Harbor has raised $28 million in new funding led by Founders Fund, the venture-capital firm co-founded by Peter Thiel. Andreessen Horowitz and crypto investment firms Pantera Capital and Craft Ventures also invested.
Harbor is aiming to re-engineer private securities with blockchain technology to help usher in a new wave of tokenized securities backed by real-world assets,
International software security group Kaspersky Lab has announced a secure online voting system based on blockchain technology and backed with transparent crypto algorithms.
Announced during the company’s Cyber Security Weekend for the Middle East, Turkey and Africa, the new product, called Polys,
Singapore’s finance minister Heng Swee Keat said that blockchain technology has the potential to promote financial inclusion in Southeast Asian countries.
Speaking at the 22nd ASEAN Finance Ministers’ Meeting, the finance minister addressed the existing initiative of Singapore’s active blockchain development plans. He said that they will support digital innovations such as financial technology.
Five healthcare organizations are joining forces to improve inaccurate doctor directories of health plans using blockchain technology.
Humana, MultiPlan, Quest Diagnostics, and UnitedHealth Group’s subsidiaries Optum and UnitedHealthcare are launching a blockchain pilot to explore how the technology could help ensure the most current health care provider information is available in health plan provider directories.