R3 Completes DLT Commercial Paper Prototype with Bank Partners – CoinDesk

Consortium startup R3 has completed a prototype for issuing short-term debt over a distributed ledger system.

Built on R3’s Corda platform, the project saw participation from four banks – ABN Amro, Commerzbank, ING and KBC – and is said to be able to reduce costs and operational risk when issuing and trading euro commercial paper, while providing added transparency.

As a next step, the four banks expect to work with R3 to move the project toward possible production, though not before absorbing industry expertise from software vendors and short-term debt issuers, and seeking feedback from regulatory bodies.

More at: R3 Completes DLT Commercial Paper Prototype with Bank Partners – CoinDesk

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