8 months ago

Zheshang Bank, one of the largest commercial financial institutes in China, has issued securities worth $66 million through its blockchain-related platform.

A blockchain-related platform Lianrong was launched by the bank to provide registered companies with the opportunity to distribute assets secured by accounts receivable to investors.

Founded in 2004 Zheshang Bank is one of China’s 12 publicly traded financial companies that launched various initiatives related to distributed registry technology over the past year.