Chinese commercial company JD.com announced its intention to issue securities that will be supported by assets (ABS) based on Blockchain.
As reported by the Securities Regulatory Commission of China (CSRC), JD Finance, together with Huatai Securities and Xingye Bank, intend to launch ABS.
Hao Yanshan, who is head of JD Finance, noted that companies will carefully study the potential of Blockchain to ensure maximum asset security:
“…The alliance chain must meet the actual needs of all participants in the asset securitization business in order to fully reflect the application value of blockchain technology.”
It is worth noting that not the first JD project related to Blockchain technology. Earlier this year, the company announced the launch of the Blockchain-as-a-Service (BaaS) platform and a system for tracking meat supplies.
Speaking about the new JD project, the CSRC noted that they very positively assess the launch of the new system:
“The currently established asset securitization business management system is conducive to the prevention of risks of various ABS products and thus protects the interests of investors.”
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