Members of blockchain working consortium R3 have created a collateral lending product for digital transfers . Joining forces with HQLAx , R3 members Commerzbank , CIBC , ING , Bank and Credit Suisse are developing an innovative model for a marketplace for digital - receipt lending . 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. The model is based on R3 ’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 digital transfers . Joining forces with HQLAx , R3 members Commerzbank , CIBC , ING , Bank and Credit Suisse are developing an innovative model for a marketplace for digital - receipt lending . The model is based on R3 ’s Corda platform and is intended to redistribute liquidity , increase regulatory transparency of collateral chains and reduce systemic risk .