JD.com’s Finance Arm to Issue Asset-Backed Securities on a Blockchain

JD.com’s Finance Arm to Issue Asset-Backed Securities on a Blockchain 

JD Finance, a subsidiary of Chinese e-commerce giant JD.com, announced on Wednesday that it is planning to issue asset-backed securities (ABSs) on a blockchain. According to a report from the Securities Times, an outlet of the China Securities Regulatory Commission, JD Finance established the trial in partnership with Huatai Securities, a brokerage firm that will underwrite the…

The post JD.com’s Finance Arm to Issue Asset-Backed Securities on a Blockchain appeared first on Complete Bitcoin Guide for Beginners.

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