Chinese State Bank Uses Blockchain to Issue Digital Mortgages Worth $1.3 Billion
The Chinese Bank of Communications has successfully finished the first issue of a digital mortgages pack on blockchain worth approximately $1.3 billion. The Chinese state-owned Bank of Communications (BoCom) has successfully issued $1.3 billion of residential mortgage-backed securities (RMBS) using blockchain technology, national securities outlet China Securities Times writes Wednesday, September 27. BoCom — the […]
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