Crypto
Blacklake Digital Markets, Nova Labs process $25 million mortgage loan on-chain
Blacklake Digital Markets and Nova Labs have successfully put and transferred a $25 million mortgage loan on the Provenance blockchain. The move marks the first case in which an institutional mortgage loan was processed on blockchain from start to finish, The Block reported. Each mortgage loan is created as a unique digital asset and bundled as collateral. Loan information is visible only to authorised partners.
