BBVA Leads Blockchain-Based Syndicated Loan of $150 Million with BNP Paribas and MUFG

Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA (MC:BBVA)), has carried out a blockchain-based syndicated loan of $150 million, U.K.-based global financial news agency Finextra reports Wednesday, Nov. 7.

The syndicated bank transaction has been conducted on a private blockchain network through a group of three funding banks including French banking group BNP Paribas (PA:BNPP), Japan’s bank holding Mitsubishi UFJ Financial Group (MUFG), and BBVA.

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