-Spain's BBVA offers first syndicated loan using blockchain tech
Global Banking News - 27 November 2018
BBVA (NYSE: BBV) (BBVA.MC),
(BNPP.PA) (LSE: BNP) (OTC: BNPQY), and Japan's Mitsubishi UFJ Financial Group Inc (MUFG) (NYSE: MTU) (TYO: 8306) (8306.MU), have offered a EUR150m syndicated loan to Red Electrica Corporation, using blockchain technology, The Paypers has reported online.
The loan relied on BBVA's proprietary blockchain network. Along with two legal companies, the three banks used this distributed ledger tec...