China’s Bank Of Communications Issues $1.3B Securities Via Blockchain

Bank of Communications (BoCom), a state-owned commercial bank in China, has issued RMB9.3 billion (US$1.3 billion) of residential mortgage-backed securities (RMBS) through its proprietary blockchain network, Jucai Chain. The latest issuance saw China International Capital Corporation as the lead underwriter and book runner for the offering. Other co-underwriters included the Industrial and Commercial Bank of … Continue reading China’s Bank Of Communications Issues $1.3B Securities Via Blockchain