BNP Paribas Bank supports the development of the initial phase of the chain


nnnBNP Paribas, a subsidiary of BNP Paribas, said today that it has reached a new milestone in its ability to allow private equity firms to issue securities. But the release of the message from the project has been launched for a year, according to its originally expected to be delayed time, but Faba did not provide details of the reasons for the delay. But both sides of the project said they will work hard to prepare the platform to meet the large-scale testing and commercialization process.n
nnTranslation: Clovern
nAccording to the company, a blockbank-led activity led by a subsidiary of the French banking group, BNP Paribas, has completed its first phase of development.n
nFrance’s Paris securities services company in a statement released today to allow private equity firms to issue securities of the chain chain platform has reached a new milestone stage. In addition, the company said that representing four shares of a bank customer in the ownership of the shares, and recently through its project partners SmartAngels services provided by the equity of the four start-ups are registered on the platform.n
nRecently issued a statement wrote:n
nn”The platform can be used to register transactions in the primary and secondary markets and is designed to meet the needs of a wide range of customer groups, including publishers, shareholders, investors (corporate angel investors, venture capitalists and growth capital investors ) And the public platform, as well as lawyers, notaries, accountants and banks.n
nnBut the technical details used in this implementation are not provided.n
nIn general, the release of the new message from the project has been launched for a year. At that time, Faba and SmartAngels were very optimistic about the project and expected the platform to be launched in the second half of 2016. Nonetheless, there was no detailed information on the release of this milestone phase in terms of what had been delayed by the initial estimate.n
nThe announcement was made when the block chains were widely used in the public sector, especially in emerging markets, when the initial digital tokens (ICO) was explosive growth, even more than the industry’s traditional venture capital financing.n
nLooking ahead, both partners said they will work hard to prepare the platform to meet the large-scale testing and commercialization process.n

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