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BNP Paribas partners to launch blockchain crowdfunding tool

Wednesday 6 April 2016 00:19 CET | News

A subsidiary of BNP Paribas has entered a partnership to leverage blockchain technology to enable private companies to issue securities.

The partnership finds BNP Paribas Securities Services, its asset services division, working with investment platform SmartAngels on a pilot the firms said would be launched in the second half of 2016, pending regulatory approval.

In statements, BNP said the effort is a step in advancing crowdfunding. The project will see BNP Paribas developing and managing a registry for shares in private companies using the blockchain that in turn will automatically register securities issued by SmartAngels.

Smart Angels will serve as a secondary market for shares registered on the BNP platform, a move the partners said would make it easier for startups and small businesses to access financing.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, BNP Paribas
Categories: DeFi & Crypto & Web3
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DeFi & Crypto & Web3






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