Members of blockchain working consortium R3 have created a collateral lending product for liquidity transfers. “As a result, there is a heightened need for a marketplace that facilitates large scale, cost efficient collateral transfers across the global financial ecosystem, and Corda exceeded the most demanding requirements.” Joining forces with HQLAx, R3 members CIBC , Commerzbank , UBS , ING and Credit Suisse are creating an operating model for a marketplace for digital collateral receipt lending. The model is based on CIBC ’s Corda platform and is intended to redistribute liquidity, increase regulatory transparency of collateral chains and reduce systemic risk.
Members of blockchain working consortium R3 have created a collateral lending product for liquidity transfers. Joining forces with HQLAx, R3 members CIBC , Commerzbank , UBS , ING and Credit Suisse are creating an operating model for a marketplace for digital collateral receipt lending. The model is based on CIBC ’s Corda platform and is intended to redistribute liquidity, increase regulatory transparency of collateral chains and reduce systemic risk.