Finland five turn to blockchain

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finland-five-turn-to-blockchain

Finland five turn to blockchain

  • Asiakastieto, Nordea, OP, Privanet and Tieto joined forces in Finland to digitalise the trading of non-listed company shares on blockchain
  • Platform provides a way for trading by digitalising the tokenised share register, shareholder register, issuance of new shares
  • Blockchain presents tremendous opportunities for society by establishing a new way of creating trust
  • Significant share of Finnish household and enterprise financial assets are in non-listed company shares
  • Non-listed company shares lack liquidity and the validity of shareholder information is challenging to verify for investors, financial service providers and public authorities
  • Newly-developed platform will change this situation by reducing administrative burden and improving visibility to this asset class