ECB developing blockchain platform to shift NPLs

The European Central Bank (ECB) is looking to set up its own blockchain platform in collaboration with the Sociedad de Gestión de Activos procedentes de la Reestructuración Bancaria (Sarreb) in order to shift European non-performing loans (NPLs).

  • By Tom Brown
  • 08 Feb 2019

The announcement was made by a Sareb spokesperson at the Association for Financial Markets in Europe's (Afme) Spanish Funding Conference in Madrid this week.

“We are looking now at how we can use blockchain technology in selling our NPLs,” said Paula León Arias, director, retail institutional investments ...

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