Chinese Bank Issues Mortgage Derivatives Worth $1.3 billion on Blockchain - BitNewsBot: Bank of Communications, one of China’s four primary banks, has issued more than $1 billion worth of residential mortgage-backed-securities on a blockchain, according to CoinDesk. Contracts based on debt The blockchain is called ‘Jucai Chain’. It was first launched in June 2018 as a system for handling securities contracts in a more transparent way. The …
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