Erste and Asfinag: Launch blockchain platform based capital markets issuance

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Erste and Asfinag: Launch blockchain platform based capital markets issuance

  • Newly developed permissioned blockchain platform used for the issuance of a Schuldscheindarlehen
  • Blockchain-based platform offers improved speed,lower operational risk and greater transparency
  • Platform’s open architecture allows the future integration of additional banks and platforms
  • Erste Group and ASFINAG have conducted the first end-to-end digital issuance of a debt financing instrument in Europe via a blockchain platform
  • Technology provides a new way of storing inalterable data transactions on distributed computers, with that data secured by cryptographic processes
  • Erste developed its digital issuance platform using Hyperledger Fabric, the Linux Foundation’s offering for enterprise blockchain platforms