UTC-05:00,Saturday , March 28th 2020

HSBC Puts $10B Of Private Placements On R3’s Corda Blockchain

02:15 Friday , March 27th 2020
HSBC has put $10 billion of paper-based private placement records on R3’s Corda blockchain and plans to ramp up the project through this year and next. “We’re confident that we’ll be able to put significant additional volume and value of private placements from new and existing clients [on the platform] over the next 12 to 18 months,” said Ciaran Roddy, head of custody innovation and strategy initiatives at HSBC. 
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