Credit Suisse and ING Group Complete $30 Million Securities Lending Transaction Using Blockchain Technology

Yesterday, Credit Suisse and ING Group completed a 25 million euro ($30.48 million) securities lending transaction using blockchain-based software. The transaction involved the banks swapping baskets of securities through an application from fintech company HQLAx, which was built with a blockchain created by bank consortium R3.
The trade was one of the first examples of a capital markets transaction made possible through blockchain, a distributed ledger that is maintained by a network of compute