Spanish regulators, financial institutions collaborate on blockchain project
Blockchain seems to be gaining ground in Spain. Earlier today, the Spanish National Securities Market Commission (CNMV), BME and a number of financial institutions including Banco Santander, BBVA, BNP Paribas, CaixaBank, Commerzbank and Société Générale, announce they have been working together over the past year on a project called Fast Track Listing (FTL), which is based on blockchain technology.
The purpose of the joint endeavor is to simplify processes and cut the amount of time needed to register issuances. It has been proven that the use of blockchain technology can improve efficiency in terms of time and resources, as well as increase the security and traceability of processes.
Read More: Finance Feeds
