2018-6-13 20:28

Chinese e-commerce giant JD.com has released plans to issue asset-backed securities (ABSs) on the blockchain, local media reported June 13.
According to China’s Securities Regulatory Commission (CSRC) via its media outlet Securities Times, subsidiary JD Finance will issue the ABS in conjunction with Huatai Securities and Xingye Bank.
Together, the partners will asses blockchain’s potential to shore up asset security, according to JD Finance head Hao Yanshan.
“…The alliance chain must meet the actual needs of all participants in the asset securitization business in order to fully reflect the application value of blockchain technology,” he explained.
Paraphrasing a Huatai executive, the CSRC meanwhile appeared buoyant about the next implementation.

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