https://ift.tt/2IVHF6y

/ -- Financial technology solutions provider MonetaGo has today announced that a commercial paper has been digitally issued in Asia for the first time using blockchain technology. MonetaGo completed this transaction through a partnership with banking services provided by Yes Bank and the issuer Vedanta, a natural resources conglomerate. India's highly-regulated commercial paper market involves huge amount of paperwork to be prepared by the Issuer for every transaction. DETAILS OF THE TRANSACTION HERE Issuances are on the increase as more businesses manage their short term cash needs through this product however absence of a streamlined digital process makes this entire process cumbersome resulting in many man hours being wasted. The transaction was delivered using Corda Enterprise technology from R3, along with a robust set of standardized workflows to deliver a solution that will rapidly scale across markets and geographies. MonetaGo moved to Corda Enterprise in February 2019, ...

from Markets https://ift.tt/2JuRRS5

Comments

Post a Comment

Popular posts from this blog

MPL accuses ASCI of 'tampering' with ads

Mumbai: Galactus Funware Technology, the parent company of online gaming platform MPL (Mobile Premier League), has issued a legal notice to the Advertising Standards Council of India (ASCI), demanding the immediate withdrawal of a whitepaper titled 'Examining Opinion Trading in India' and seeking ₹50 crore in damages for alleged defamation and loss of goodwill.The legal notice, dated May 23, 2025, sent through their legal counsel Trilegal, accuses ASCI of publishing a "biased and unsubstantiated" whitepaper that relies on "tampered" versions of MPL's advertisements and misrepresents their content to mislead consumers.Edited screenshotsGalactus Funware claims that the ASCI whitepaper, published in May 2025, deliberately edited screenshots of their advertisements to support a "baseless conclusion" that opinion trading involves an "element of risk" and "chances of financial losses".The notice highlights specific instances of al...
Read more