Chinese Bank Issues Securities Worth $66 Million on a Blockchain

Zheshang Bank, one of the largest privately held commercial banks in China, has completed an issuance of securities worth $66 million using its proprietary blockchain platform. Based on public documents, the bank filed a prospectus with the Shanghai Clearing House on Aug. 13 saying it would back the securities with a portfolio of account receivables from various corporations. … http://bit.ly/2nTZcit

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