BBVA processes syndicated loan on Blockchain

BBVA processes syndicated loan on Blockchain

The BBVA has accomplished the testing of a syndicated loan for $150 million on the blockchain. It is announced that the distributed ledger technology-based proprietary platform is wholly operational. The transaction happened on the blockchain of Linux-led project Hyperledger as the private DLT system. The loan documents were recorded on the Ethereum public testnet.

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