London Stock Exchange Group (LSEG) said on Wednesday it had invested in a start-...
LONDON - London Stock Exchange Group said on Wednesday it had invested in a start-up that lets companies issue debt on blockchain, signalling growing interest from mainstream finance in the technology behind cryptocurrencies.
Nivaura, a digital platform used for issuing and administering corporate bonds, loans and equity, was behind the world’s first automated cryptocurrency-denominated bond issuance in November 2017. The investment by LSEG is the latest in a small but growing trend of major financial firms embracing blockchain-related technologies, party in the expectation they will upend issuance, settlement and trading processes in the financial sector.
Proponents say the “tokenisation” of debt and equity - essentially turning complex financial instruments into instantly tradable digital tokens - could dramatically cut costs for raising capital.
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