Credit Suisse, Partners Launch Syndicated Loans Blockchain Proof of Concept

The proof of concept will continue for the rest of the year.

Blockchain graphic

Credit Suisse and its partners launched a proof of concept aimed at creating a more efficient syndicated loan system using blockchain.

The proof of concept was launched by Credit Suisse, Ipreo and blockchain firms Symbiont and R3 CEV and will run through the rest of the year. Member banks in the R3 consortium like BBVA, Danske Bank, Royal Bank of Scotland, Scotiabank, Societe Generale, State Street, US Bank, and Wells Fargo are participating in the proof of concept. Buy-side firms

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