China Construction Bank Partners with Fusang to Issue $3bn of Debt Using Blockchain
It is the first publicly avaiable blockchain-based digital bond backed by the world’s second largest bank.
It is the first publicly avaiable blockchain-based digital bond backed by the world’s second largest bank.
The new technology cuts the time it takes to process from 15 days to 2 days.
The total issuance of 50bn THB has been completely allocated to the investors sooner than expected.
The fourth-largest commercial bank in China will use the proceeds to provide finance to small and micro-enterprises.