Members of blockchain working consortium R3 have created a collateral lending product for liquidity transfers. Joining forces with HQLAx, R3 members Commerzbank, CIBC, ING, UBS and Credit Blockchain working group R3, five of its members and financial resource and liquidity management firm HQLAx have created a collateral lending offering for liquidity transfers. Suisse are creating an operating model for a marketplace for digital collateral receipt lending. The new platform will allow banks to issue loans based on the value of collateral, rather than its actual value.
Members of blockchain working consortium R3 have created a collateral lending product for liquidity transfers. Joining forces with HQLAx, R3 members Commerzbank, CIBC, ING, UBS and Credit Suisse are creating an operating model for a marketplace for digital collateral receipt lending. The new platform will allow banks to issue loans based on the value of collateral, rather than its actual value.