JPMorgan tests blockchain for debt issuance

JPMorgan tests blockchain for debt issuance

JPMorgan and National Bank of Canada (NBC) have carried out a debt issuance simulation using a new blockchain platform.

NBC issued a US$150 million, one-year floating-rate Yankee certificate of deposit, with a parallel simulation of the issuance using blockchain technology. Goldman Sachs Asset Management, Pfizer, and Western Asset were among the investors in the Yankee certificate of deposit. Read more