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Topic: [2016-03-03] BS: Forty big banks test blockchain-based bond trading system (Read 923 times)

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Forty big banks test blockchain-based bond trading system

http://www.business-standard.com/article/reuters/forty-big-banks-test-blockchain-based-bond-trading-system-116030300074_1.html

Forty of the world's biggest banks, including HSBC and Citi , have tested a system for trading fixed income using the technology that underpins bitcoin, fintech company R3 CEV said on Thursday.

The banks are part of a consortium of 42 major lenders, brought together last year by New York-based R3 CEV to work on ways blockchain technology could be used in financial markets - the first time so many have collaborated on using such systems.
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