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Sberbank Creates Blockchain Solution For Repurchase Agreements
Summary: Sberbank, Russia’s largest bank, has established a blockchain solution for repurchase agreements (repo). Sberbank announced on Nov. 19, that the bank had received a patent for their repo blockchain solution. The blockchain utilizes smart contract technology to automate repo transactions between users. Repo agreements are mainly involved in wholesale funding markets and allow both banks and non-banks ...
Sberbank, Russia’s largest bank, has established a blockchain solution for repurchase agreements (repo).
Sberbank announced on Nov. 19, that the bank had received a patent for their repo blockchain solution. The blockchain utilizes smart contract technology to automate repo transactions between users. Repo agreements are mainly involved in wholesale funding markets and allow both banks and non-banks to access liquidity via short-term funding contracts that are collateralized by underlying securities.
By Janelle Fox
Tags: Blockchain,repurchase agreement,Sberbank
Link: Sberbank Creates Blockchain Solution For Repurchase Agreements [Copy]
