Tag: ledger

BBVA-BNP-Paribas MUFG
InBlog Post

BBVA used Blockchain to facilitate Syndicate Loan

BBVA used a private blockchain network to arrange a $150m syndicated loan for Red Eléctrica de España, the Spanish grid operator, with co-lenders MUFG of Japan and BNP Paribas of France. Legal advisers Linklaters and Herbert Smith Freehills also had access to the system which allowed all parties to exchange information instantly. The information was…