JD.com finance funds to issue asset debit securities on a blockchain

JD.com finance funds to issue asset debit securities on a blockchain
фото показано с : bitcoints.com

2018-6-13 13:53

JD Finance, a subsidiary of Chinese e-commerce giant JD.com, announced on Wednesday that it is planning to issue asset-backed securities (ABSs) on a blockchain.
According to a report from the Securities Times, an outlet of the China Securities Regulatory Commission, JD Finance established the trial in partnership with Huatai Securities, a brokerage firm that will underwrite the issuance, as well as Xingye Bank, which will act as a trust.
JD Finance aims to issue the securities using a consortium blockchain that will see each party act as a node, recording the transactions in a transparent manner.
The experiment sets out to ascertain if the blockchain can meet the demands of the various parties involved in the asset securitization process, such as issuers, underwriters and buyers.
This typically comes in the form of a portfolio of loans or credit card debts that can be further traded on the secondary market.

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