Tag Archives: syndicated

[ad_2][ad_1] BBVA says he recently completed the first syndicated loan on a distributed ledger. Could this pilot look at the syndicated loan of the future? The borrower, Red Electrica, is an energy distribution company based in Spain. The company required $ 150 million for unspecified "general business purposes". BBVA participated …

[ad_2][ad_1] BBVA and Red Eléctrica, of Spain, participated in a syndicated loan using blockchain. The € 150 million agreement – granted by BBVA, BNP Paribas and MUFG – was delivered in record time (according to BBVA) using BBVA's proprietary distributed ledger technology (DLT) platform. According to Teresa Quirós, financial director …

[ad_1] The transaction brought together several large banks and is the second major BBVA blockchain loan project this year. One of the largest Spanish banks, Banco Bilbao Vizcaya Argentaria (BBVA), announced today, November 7, the completion of what it says is the first "blockchain syndicated loan agreement". Although the announcement …

[ad_1] The Spanish banking giant BBVA has completed a pilot project that has granted a $ 150 million syndicated loan to the blockchain. According to a report by the Financial Times on Wednesday, the bank has arranged the loan for Red Electrica, the national grid operator in Spain. A syndicated …

[ad_2][ad_1] The Spanish BBVA and two partner banks have completed the first syndicated loan on the blockchain, providing a working example of how transactions in the $ 4.6 tn market can be simplified and made faster by using technology that supports criptovalute. Syndicated loans have been identified from the start …