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4 Banks Complete More than $100K Commercial Paper Transaction on R3's Corda

09:41 Thursday , December 06th 2018
Four European banks - Commerzbank, ING, Natixis and Rabobank - have settled a live transaction for a short-term debt instrument on the Corda platform developed by blockchain consortium startup R3.
According to a report from FinTech Futures, the transaction involved an issuance of a one-day maturity euro commercial paper (ECP) worth €100,000 ($1,13,432) at a notional value.
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