Sberbank completes the first blackhein-enabled trading bond in Russia – Bitcoints

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Published on May 17th, 2018 | by bitcoin

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Sberbank completes the first blackhein-enabled trading bond in Russia

Sberbank completes the first blackhein-enabled trading bond in RussiaSberbank CIB, the corporate and investment banking business of Russia’s largest bank Sberbank, conducted the first blockchain-based commercial bond transaction in Russia, according to a Sberbank announcement May 16.
The transaction was completed in partnership with MTS, a leading Russian telecoms operator, and the National Settlement Depository (NSD).
Sberbank CIB organized the issue of MTS corporate bonds for the value of RUB 750 bln ($12 mln) with 6-month maturity, using smart contracts.
The transaction was carried out on the Hyperledger Fabric 1.1-based blockchain platform provided by the NSD.
Commercial bonds are unsecured fixed-income securities issued by a company and placed on an over-the-counter (OTC) market through a private subscription.

Source: Cointelegraph.com

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