China’s Zheshang Bank has been ahead of the pack when it comes to blockchain. Last week it was disclosed it is running a blockchain system targeted at enterprises to make it faster and easier to reimburse staff for expense claims.
The bank was one of the first to go live with blockchain for trade finance when it created Zheshang Chain in 2017. More than two years ago, it securitized some of those assets by issuing a loan note backed by assets on Zheshang Chain.
And it hasn’t stopped. In June, it issued asset-backed commercial paper using blockchain.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
