Spanish stock exchange tests blockchain-based SME capital raising

Monday 17 May 2021 11:39 CET | News

The Spanish stock exchange Bolsas y Mercados Españoles (BME) has announced plans for blockchain infrastructure practical tests for the financing of small and medium-sized enterprises (SMEs).

This follows a previous pilot project from 2020, in which investment service providers and lenders took part. With these practical tests, the BME wants to investigate how practical the Ethereum-based blockchain system is for raising capital for SMEs outside the established banking channels. The BME's blockchain platform enables companies to raise investment capital via digital assets that securitise corporate bonds or debentures. The latest blockchain project also offers users wallets in which companies can store their investment products and funds.

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Keywords: blockchain, SMEs, e-wallet, Ethereum, digital assets
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Spain
This article is part of category

Blockchain & Cryptocurrencies