BBVA, MUFG, BNP Complete First Successful Syndicated Loan on Blockchain

The Financial Times reported that BBVA and two partners completed the first successful syndicated loan using blockchain technology.

According to the Times, a private blockchain network was used by BBVA to arrange a $150 million syndicated loan for borrower, Red Electrica, a Spanish grid operator.

The Times reported that MUFG and BNP Paribas were co-lenders.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.