Shinhan Financial Investment’s Anticipated P2P Blockchain Platform for Securities Lending Revealed

South Korean-based, Shinhan Financial Investment is scheduled to offer a blockchain-focused peer-to-peer platform for lending stocks and potentially borrowing and loaning securities. The aforementioned will no longer require an intermediary reports Coin Desk.

The problem with traditional securities lending includes its inefficiency, high commissions and the lack of precise data, hence the reason for Shinhan’s reliance on blockchain.

The approach taken by Shinhan Financial Group is expected to make it easier for individual stock owners to lend their shares in an inexpensive and convenient manner.

This endeavor also includes Directional, a Korean firm that has received the green signal from the Financial Service Commission (FSC) for providing securities lending services, giving Shinhan an appropriate start.

Shinhan Financial Investment has always been in favor of blockchain technology reveals the news outlet. Two years ago, the firm supposedly used the technology for verifying gold bars and ever since, applied the same technology for interest swaps and cross-border payments.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide