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Tag: loan
BBVA Completes $150 Million Syndicated Loan on Ethereum Blockchain
Category: Altcoins, Blockchain, Business, Ethereum, Exchange, Finance, News, Platform, Tech
One of Spain’s leading banks, Banco Bilbao Vizcaya Argentaria (BBVA), has successfully signed off the terms of a $150 million syndicated loan with the help of blockchain technology, reports Finextra, November 7, 2018. Multi-million Loan carried over a Private Blockchain Notably, the syndicated loan transaction was carried out over a private blockchain network in the presence of two legal advisors,…
China: Prominent Bank Issues $300,000 Loan Using Blockchain Technology
Category: Blockchain, Finance, News
On July 31, 2018, the Agricultural Bank of China (ABC) revealed it had successfully completed a $300,000 loan using a private blockchain. Loan Issuance Via Blockchain As reported by Chinese outlet Financial News, ABC’s Guizhou bank branch was the facilitator of this development. The bank issued the loan against a piece of agricultural land as collateral. ABC is China’s fourth-largest…
