Today Bolsas y Mercados Españoles (BME) announced that its SME financing blockchain was admitted to the regulatory sandbox by Spain’s Ministry of Economic Affairs and Digital Transformation.
By using a blockchain to tokenize participatory loans and convertible notes issued by SMEs, the BME aims to create a digital asset marketplace for alternative finance. This will act as a feeder for companies to optionally list on the BME Growth market.
The solution will also include an electronic money solution and an e-wallet to store both money and the loans as digital assets. A spokesperson told Ledger Insights, “we are closing an agreement with an electronic money entity that has a tokenized electronic money solution authorized in Spain/”
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