First independent SSD on blockchain via Finledger

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By Mike Turner
11 Dec 2019

German banks have completed the first Schuldschein issue with an independent counterparty on the new Finledger blockchain platform. The entire transaction happened on a paperless basis.

DekaBank and NRW.Bank ran the €5m promissory note trade, which was for an undisclosed issuer. It was arranged on Finledger, the joint venture platform run by DZ Bank, DWPbank, Helaba and Deka.

Now, NRW.Bank plans to integrate Finledger into its own IT infrastructure and set up its own ...

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