₽750 Million: Russia’s Largest Bank Buys Commercial Bonds on a Blockchain – BitcoinAdsTrain
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The investment and corporate banking arm of Sberbank and telecom giant MTS have laid claim to conducting Russia’s first commercial bond transaction using blockchain technology.
In an announcement , MTS revealed it had placed commercial bonds worth RUB 750 million (approx. $12 million) on a proprietary blockchain platform provided by the country’s National Settlement Depository powered by smart contracts technology.
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