Tag: Chinese State Bank
Chinese State Bank Uses Blockchain to Issue Digital Mortgages Worth $1.3 Billion
The Chinese state-owned Bank of Communications (BoCom) has successfully issued $1.3 billion of residential mortgage-backed securities (RMBS) using blockchain technology, national securities outlet China Securities Times writes Wednesday, September 27.
BoCom — the fifth largest bank in China according to S&P Global recent stats —...