DailyCoin
DailyCoin

Bitcoin Price, Digital Currencies News, Blockchain News, Charts and Information

Post Login
  • Home
  • Price & Data
    • Bitcoin Price Index
    • Bitcoin Cash (BCH) Price
    • Ethereum Classic (ETC) Price
    • Ethereum Price
    • Litecoin (LTC) Price
    • Ripple (XRP) Price
    • EOS (EOS) Price
    • Dash (DASH) Price
    • Zcash (ZEC) Price
    • Market Center
    • Monero (XMR) Price
    • Bitcoin Price Ticker Widget
  • News
    • Business News
    • Markets News
    • Technology News
    • Features
    • Legal
    • Bitcoin Market
    • Mining
    • Companies
    • Crime
    • Ethereum Market
    • Bitcoin
    • Exchanges
    • Regulation
    • Litecoin Market
    • Security
    • Startups
    • Banking
    • Prices News
    • Ethereum
    • Bitcoin ATMs
    • Bitcoin News
    • Ripple Market
    • Energy
    • Press Releases
  • Guides
    • What is Bitcoin?
    • Why Use Bitcoin?
    • How Can I Buy Bitcoins?
    • How do Bitcoin Transactions Work?
    • How Bitcoin Mining Works
    • How to Store Your Bitcoins
    • What Can You Buy with Bitcoin?
    • Who is Satoshi Nakamoto?
  • Wallet
X

Credit Suisse Eyes 2018 Launch for Blockchain Loans Platform

Credit Suisse

Credit Suisse Eyes 2018 Launch for Blockchain Loans Platform

August 21, 2017 3:00 PM | By Jit Sutradhar Banking Business News Capital Markets News Use Cases & Verticals

  • Google
  • Facebook
  • Twitter
  • More
    • Pinterest
    • Reddit
    • Digg
    • Linkedin
    • Delicious
    • Tumblr
    • BufferApp
    • Pocket
    • Evernote

Credit Suisse

A group of banks led by Credit Suisse is eyeing the launch of a commercial platform for blockchain-based syndicated loans, according to reports.

Speaking to finance magazine EuroMoney, Emmanuel Aidoo, who leads Credit Suisse’s blockchain efforts, said that syndicated loan trial – which began last fall – is moving ahead.

Aidoo told the publication:

“We are working to put a few dozen smaller loan transactions, where we or other participating banks are the agent, onto a distributed ledger platform using smart contracts in production next year.”

The group involved finished the second phase of their testing in March. Conceptually, the test envisions a syndicated loan market – in which multiple lenders pool their capital for individual borrowers – built on blockchain. The group hopes the technology can reduce barriers between counterparts, reducing both time and cost in making the necessary capital available.

Using smart contracts to reduce those turnaround times could increase the market’s appeal to potential lenders and investors, according to Aidoo.

“Many investors, including mutual funds and institutional asset managers, might be attracted to loans that are senior to bonds in the capital structure, but they are put off by how long loan trades take to settle,” he said.

Credit Suisse image via Sonia Alves-Polidori/Shutterstock

READ MORE

 

Article Source: http://www.coindesk.com

Blockchain TrialsCredit SuisseLoans
  • Google
  • Facebook
  • Twitter
  • More
    • Pinterest
    • Reddit
    • Digg
    • Linkedin
    • Delicious
    • Tumblr
    • BufferApp
    • Pocket
    • Evernote
Hacker

Previous :


ICO Scammers Steal $500k in Phony Enigma Project Pre-Sale Launch
US Map

Next :


A Bitcoin Law for Every State? Interest and Animosity Greet Model US Regulation

Related Posts

keys-security
Business News

Crypto Exchange Coinbase Open-Sources Its Security Scaling Tool

U.S.-based cryptocurrency exchange Coinbase is making a recently developed automated security scaling tool available to the public. Called Salus, after …

October 18, 2018 11:58 pm | Jit Sutradhar

fork, bitcoin
Bitcoin

Block 494,784: Segwit2x Developers Set Date for Bitcoin Hard Fork

The developers behind Segwit2x, a controversial plan to increase the transaction capacity of the bitcoin blockchain, plan to announce a …

August 16, 2017 4:02 pm | Jit Sutradhar

flying-child
News

Bitcoin Rebounds As Price Tops $1,100

Bitcoin prices have surged today, rising over 3% overall since the start of trading and at one stage topping $1,141. …

April 3, 2017 2:53 pm | Jit Sutradhar

ink, quill
Litecoin

8-Hour Miner Meeting Ends With Litecoin Scaling Agreement

Litecoin’s scaling debate may be coming to an end. A group of miners and exchanges is throwing support behind a …

April 21, 2017 5:44 pm | Jit Sutradhar

Comments (0)

    Write a Reply or Comment Cancel reply

    You must be logged in to post a comment.

    You must be Logged In or Sign Up to post a comment.

    Recent Releases

    • 51% Attacks for Rent : The Trouble with a Liquid Mining Market

      February 23, 2019 11:02 AM | By Jit Sutradhar

    • CasperLabs Is Building a PoS Blockchain With Help from Ethereum’s Vlad Zamfir

      February 23, 2019 12:55 AM | By Jit Sutradhar

    • Hands-On Preview of Samsung’s Galaxy S10 Phone Reveals New Crypto Details

      February 22, 2019 2:45 PM | By Jit Sutradhar

    • Don’t Expect Bitcoin’s Supply to Change, Says Core Maintainer Wlad van der Laan

      February 22, 2019 2:42 PM | By Jit Sutradhar

    Features

    • 51% Attacks for Rent : The Trouble with a Liquid Mining Market

    • Hands-On Preview of Samsung’s Galaxy S10 Phone Reveals New Crypto Details

    • Bitcoin on building

      Don’t Expect Bitcoin’s Supply to Change, Says Core Maintainer Wlad van der Laan

    • Andreas M. Antonopoulos

      Andreas M. Antonopoulos Warns Against Ethereum In-Fighting

    • Bitcoins

      Bitcoin Remains On Hunt For $4.2K Despite Price Consolidation

    • Home
    • Guides
    • About
    • Contact
    © 2019 DailyCoin . All Rights Reserved.

    Join to DailyCoin


    SignUp with Facebook
    SignUp with Twitter
    SignUp with Google
    or with email
    Username
    Email
    Password (at least 6 characters)
    Confirm Password

    Login to DailyCoin


    Login with Facebook
    Login with Twitter
    Login with Google
    or with email
    Username or e-mail
    Password
    Remember Me
    Lost Password?

    Reset Password

    Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email.


    Username or E-mail


    Loading...

    Don't have an account? Sign Up Already have an account? Login