2018-9-27 14:00 |
According to reports out today, the Bank of Communications, one of the four major state banking groups in China have completed a major transaction on the blockchain, one that has seen the issue of residential mortgage backed securities (RMBSs) on a blockchain network.
The issuance of this RMBS has a value of around $1. 3 billion according to Coindesk. The Bank of Communications is alleged to have been the main bank behind this, though some involvement may have also come from the China International Capital Corporation, the Commercial Bank of China and the China Merchants Bank.
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