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JP Morgan bank Quorum blockchain

JPMorgans Trial Puts Debt Issuance on a Blockchain

JPMorgan Chase has partnered with National Bank of Canada and other major firms to trial a blockchain platform aimed to improve the debt issuance process. The investment bank said in a statement Friday that the trial, which took place on on Wednesday, mirrored a $150 million offering the same day by the National Bank of Canada of a one-year floating-rate Yankee certificate of deposit. The trial also saw participation from Goldman Sachs Asset Management, Pfizer, Legg Mason Inc’s Western Asset and others. David Furlong, senior vice president of blockchain at National Bank of Canada, said…Read More

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