Spanish stock exchange to go live with blockchain collateral certificates

posted 2 months ago
Spain’s largest stock exchange, Bolsa de Madrid, said it expects to go live by year-end with a blockchain-based system for certifying collateral pledges after testing the technology.

The test “has shown a reduction in the total times of end-to-end processes exceeding 80 percent” BME said, as well as the potential to radically improve the participants’ operational and risk management. The system allows market participants to avoid exchanging paper certificates and monitor the process in real time, the exchange said.
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