Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform

Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform


Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVA’s ever-developing distributed ledger technology (DLT) platform. The loan, valued at €150 million (the equivalent of nearly $170 million USD) is, says a press release from BBVA: “The first acquisition term loan ever arranged through blockchain technology.” Acquisition term loans

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Posted by Melanie Kramer on December 14, 2018 @ https://www.ccn.com/porsche-arranges-170m-loan-using-bbvas-blockchain-platform/

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