₽750 million: - "Russia's largest bank buys commercial bonds on blockchain"

in #commercial-bonds7 years ago

In an announcement, MTS has disclosed that it had placed RUB 750 million 'commercial investment of approximately $ 12 million' on the proprietary blockchain platform provided by the country's National Settlement Depository, operated by Smart Contracts Technology. This investment and this Sberbank corporate banking branch

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and its telecommunications company MTS have claimed to hold Russia's first commercial bargaining transaction using blockchain technology. This blockchain platform enabled the 'full security life cycle' of a ruble-named commercial binding on a blockchain Sberbank. Based on the Hyperleger Fabric, it is based on the production-ready blockchain software developed by the Open-Source Linux Foundation-led Hyperleger Consortium.

Source - https://www.ccn.com/%e2%80%8e%e2%82%bd750-million-russias-largest-bank-buys-commercial-bonds-on-a-blockchain/

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