DLT firm starts securitization platform for private debt

A blockchain and distributed ledger technology (DLT) company is launching a platform to increase access to capital markets funding for small companies and open the private debt market to more investors.

  • By Max Adams
  • 10 Jul 2019

New York-based Cadence specialises in helping small and medium-sized companies securitize short term cash flows such as invoices or other trade receivables. In turn, the companies are able to cover things like payroll and inventory with the proceeds.

Cadence structures transactions as pools of tradeable security tokens. ...

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1 BNP Paribas 4,486 16 13.62
2 Citi 4,347 16 13.20
3 Lloyds Bank 3,158 6 9.59
4 Morgan Stanley 3,066 8 9.31
5 Bank of America Merrill Lynch (BAML) 2,771 10 8.42

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3 Wells Fargo Securities 42,153.78 123 7.51%
4 Bank of America Merrill Lynch 41,657.82 137 7.42%
5 Credit Suisse 38,415.30 121 6.84%