Search results for Euroclear
Finance
P2P lenders gain momentum as rules ease; financial CEO appointments gather pace
Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.
Crypto
Hana Bank issues South Korea\'s first same-day settlement digital bond worth $100 million
Hana Bank issued a blockchain-based digital bond and became the first in South Korea’s foreign-currency bond market to implement same-day settlement, or T+0. The bank said it used Euroclear’s blockchain platform D-FMI to issue a $100 million, five-year foreign-currency digital bond. The digital bond processes issuance, registration and settlement on a distributed ledger network. Standard Chartered served as sole lead manager for the transaction.
Crypto
Bullish to acquire Equiniti, integrate shareholder management and tokenisation platform
Crypto exchange Bullish will acquire global transfer agent Equiniti from private equity firm Siris for $4.2 billion, The Block reported on May 5. Transfer agents officially record and manage ownership transfers of securities such as stocks and bonds. Equiniti processes $500 billion in annual payments and holds shareholder data on 20 million people. Bullish said it will combine its blockchain issuance and compliance services with Equiniti’s shareholder record system.
