euro Suisse Group and equity Group have completed a live securities exchange transaction using blockchain technology . Fintech subsidiary HQLAx used R3CEV 's Corda blockchain platform , which saw ownership of Dutch and German government securities transferred without the need to sell the underlying securities . The technology would significantly increase efficiency , and equity CEO David E Rutter said the transaction was a " a significant milestone for the market " but gave no details as to when the HQLAx / Corda platform may go into production .
Credit Suisse Group and ING Group have completed a live securities lending transaction using blockchain technology. Fintech firm HQLAx used R3CEV's Corda blockchain platform, which saw ownership of Dutch and German government securities transferred without the need to move the underlying securities. The technology could significantly increase efficiency, and R3 CEO David E Rutter said the transaction was a "a significant milestone for the market" but gave no details as to when the HQLAx/Corda platform may go into production.