Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » China Zheshang Bank Uses Blockchain Platform to Issue Commercial Debt Worth $16.90bln

China Zheshang Bank Uses Blockchain Platform to Issue Commercial Debt Worth $16.90bln

Kelly Cromley by Kelly Cromley
Jun 8, 2020
in Market News, News
Reading Time: 2 mins read
0

China Zheshang Bank, a domestic commercial bank, has issued an asset based commercial paper (ABCP) using blockchain technology based platform. It was disbursed as a portion of the National Association of Financial Market Institutional Investors’s (NAFMII) trial venture for ABCPs.

Being a short-term investment, an asset-backed commercial paper is disbursed by financial organization to assist enterprises achieve near-term objectives.

RelatedPosts

World Chain Upgrades to Native USDC in Circle Expansion

WAYE.ai Unveils AI Agents Powered by Sui Blockchain

Real Vision Taps Sui Blockchain to Reinvent Member Engagement

Vietnam Unveils National Push Toward Blockchain Integration

Referred to as “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” validity of the Lianxin ABCP is six months and the time of next issue is yet to be announced. An executive of the NAFMII pointed out that the adoption of blockchain technology would offer enterprises a “direct channel to markets, helping to greatly increase the accessibility of business financing.”

Issues are faced by small, medium and micro-enterprises while issuing bonds as they do not have any link with open markets.

The roll out of Lianxin ABCP will pave way for easy financial assistance for SMEs. The ABCP “increases the accessibility of fi­nanc­ing for SMEs that have difficulty with financing via direct debt issuance.”

The platform will also facilitate supply chain finance to small, medium, and micro-enterprises and minimize complexity in operations.

The central bank of China, in partnership with top banks, is leading blockchain innovation in conventional finance.

On May 13, Fan Yifei, People’s Bank of China’s deputy governor, suggested that China should expedite its blockchain adoption plan. A day later, the PBoC suggested the creation of a blockchain powered trade funding platform for the Guangdong-Hong Kong-Macao Greater Bay Area.

Back in April, the Industrial and Commercial Bank of China published a white paper suggesting the likely applications of blockchain technology in finance sector.

Previous Post

Hong Kong Records Sharp Rise in Fintech Firms Adopting Blockchain Technology

Next Post

Japan’s Sekisui to Use Blockchain for Offering Houses on Rental Contracts

Related Posts

circle-usdc-stablecoin

World Chain Upgrades to Native USDC in Circle Expansion

by Kelly Cromley
Jun 12, 2025
0

Digital identity firm World has broadened its collaboration with stablecoin issuer Circle through the integration of native USDC and Cross-Chain...

waye-ai-agents-on-sui-blockchain

WAYE.ai Unveils AI Agents Powered by Sui Blockchain

by Kelly Cromley
Jun 12, 2025
0

WAYE.ai is setting a new benchmark in artificial intelligence by introducing autonomous digital agents capable of functioning across multiple platforms....

Real Vision partners with Sui

Real Vision Taps Sui Blockchain to Reinvent Member Engagement

by Kelly Cromley
Jun 12, 2025
0

Real Vision, a prominent financial media and membership platform, has disclosed a strategic alliance with Sui, a blockchain network developed...

vietnam

Vietnam Unveils National Push Toward Blockchain Integration

by Kelly Cromley
Jun 12, 2025
0

Vietnam is taking a significant step toward embedding blockchain into its national digital infrastructure through a newly announced alliance involving...

paypal pyusd solana blockchain

PayPal Eyes Stellar for Faster, Cheaper PYUSD Transactions

by Kelly Cromley
Jun 12, 2025
0

PayPal Holdings (NASDAQ: PYPL) has announced plans to bring its stablecoin, PayPal USD (PYUSD), to the Stellar (XLM-USD) blockchain network....

sqd-network-debuts-oceanstream-real-time-blockchain-data

SQD Network Debuts Oceanstream for Real-Time Blockchain Data

by Kelly Cromley
Jun 12, 2025
0

SQD Network, a decentralized data-lakehouse platform, has officially introduced Oceanstream, a real-time data delivery solution tailored to institutional investors. The...

Next Post
Japan’s Sekisui to Use Blockchain for Offering Houses on Rental Contracts

Japan’s Sekisui to Use Blockchain for Offering Houses on Rental Contracts

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

circle-usdc-stablecoin
Market News

World Chain Upgrades to Native USDC in Circle Expansion

by Kelly Cromley
Jun 12, 2025
waye-ai-agents-on-sui-blockchain
Market News

WAYE.ai Unveils AI Agents Powered by Sui Blockchain

by Kelly Cromley
Jun 12, 2025
Real Vision partners with Sui
Market News

Real Vision Taps Sui Blockchain to Reinvent Member Engagement

by Kelly Cromley
Jun 12, 2025
vietnam
Market News

Vietnam Unveils National Push Toward Blockchain Integration

by Kelly Cromley
Jun 12, 2025
paypal pyusd solana blockchain
Market News

PayPal Eyes Stellar for Faster, Cheaper PYUSD Transactions

by Kelly Cromley
Jun 12, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
  • XRP

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree