French bank BNP Paribas has signed a partnership deal with Lendosphere, a crowdfunding provider, to enable the issuing of mini-bonds through a private blockchain. The company behind the new technology is called LendoSphere The platform is waiting on upcoming French legislation on mini-bonds to be approved, but expects to launch by the end of the year.
French bank BNP Paribas has signed a partnership deal with Lendosphere, a crowdfunding provider, to enable the issuing of mini-bonds through a private blockchain. The bank is creating a distributed ledger system based on blockchain technology, stating that the new system will allow faster and more secure transactions. The platform is waiting on upcoming French legislation on mini-bonds to be approved, but expects to launch by the end of the year.