The Spanish securities regulator CNMV, the Madrid Stock Exchange (BME) and six European banks have tested the use of blockchain technology in emissions.
The pilot test showed that it was possible to reduce the time required for the registration of warrants by more than 70 percent, CNMV and BME, as well as the banking houses Santander, BBVA, BNP Paribas, Caixabank, Commerzbank and Société Générale jointly with.
They all worked together last year on a project called Fast Track Listing (FTL) based on this technology. The goal was to simplify processes and reduce the time required to register emissions. Thus, it was possible to complete the process in 48 hours, compared to an average time frame of more than a week.
Then follow us on Google News!
The CNMV had therefore decided to further explore the potential applications of this technology in its processes and to continue the project.
image by shutterstock
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise