In an announcement today, BNP Paribas has announced a new blockchain platform that will enable investors to issue mini-bonds for private company shares, as reported by Financial News.
Mini-bonds are effectively a means for individuals or companies to lend money to businesses, directly. Unlike traditional bonds, they must be held until they mature. In other words, they cannot be cashed in early.
The BNP Paribas blockchain in this instance, developed at its Securities Services digital lab, will record all mini-bonds issued and transferred through the platform. In a nod to the technology, BNP Paribas sees quicker and more efficient transactions enabled by blockchain.
https://www.cryptocoinsnews.com/blockchain-tapped-french-bank-bnp-mini-bonds/
