commercial paper portfolio
Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain
China Zheshang Bank, based in Zhejiang province has leveraged blockchain technology to issue the country’s first asset-backed commercial paper in the Chinese financial market. China Zheshang Bank successfully issued the “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” which was worth 120 billion yuan ($16.93 billion). The asset-backed commercial paper (ABCP) was issued as a part of the National Association of Financial Market Institutional Investors’ (NAFMII) pilot project. ABCPs are short-term investments issued by financial institutions to support companies in their short-term goals.
Tether Aims to Render More Transparency by Slashing Commercial Paper Holdings
Based on continuous efforts to decrease its commercial paper portfolio for transparency purposes, Tether revealed that it would slash its holdings by $5 billion by the end of July.
Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector
One of China's major banks, the Industrial and Commercial Bank of China (ICBC) has released its white paper on blockchain-based applications in the financial sector. The document is the first white paper related to blockchain technology in the financial industry. The paper also highlights the present challenges faced by the banking sector.
One of the Richest Men in Mexico Invests in Bitcoin, saying “Paper Money is Worth Nothing”
One of the wealthiest men in Mexico, Ricardo Salinas Pliego has just revealed that he had invested 10% of his liquid portfolio in Bitcoin (BTC).
Central Banks Could Monopolize Commercial Banking Sector via CBDC, Says Federal Reserve
A new working paper from the Federal Reserve Bank of Philadelphia indicates that the development of a central bank digital currency (CBDC) may create a fundamental shift in the way banks operate.
eToro’s AI Copy Portfolio Trades on Sentiment
The eToro trading platform launched its latest user copy portfolio on Tuesday, an artificial intelligence (AI) tool that trades on the sentiments of 850,000,000 daily tweets.
Central Bank Official: Blockchain Application Ideal for Chinese Commercial Banks
Li Wei, the Technology Departmental Head of the People’s Bank of China, has urged Chinese commercial banks to embrace blockchain and digital finance.
OKEx Partners with Shrimpy to Foster Crypto Portfolio Automation
OKEx cryptocurrency exchange and Shrimpy, a crypto exchange trading bot for portfolio management and market indexing, agree on a strategic partnership to foster crypto portfolio automation tools among crypto traders.
ASIFMA: Tokenized Securities Might Bridge the Current Mainstream Finance with the New Digital World
ASIFMA (the Asia Securities Industry & Financial Markets Associations) has availed a new white paper that reveals a roadmap for regulators and market participants on tokenized securities.
Abra's CEO Confirms 50% of His Investment Portfolio is Now in Bitcoin
Abra's CEO Bill Barhydt has revealed that approximately 50% of his investment portfolio is now in Bitcoin (BTC).
Is The US Ready for CBDC? Most Americans Opposed to Digital Dollar Adoption, Survey Reveals
Most American citizens appear to be against a digital dollar adoption within the US, preferring paper money to CBDC, according to a study.
Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity
Fidelity Digital Assets makes the case for why Bitcoin should make up 5% of a given multi-asset investment portfolio.
1% of your Investment Portfolio Should Be Allocated to Bitcoin - JPMorgan Strategists
JPMorgan recommended a 1% allocation of one’s portfolio into Bitcoin as a way to hedge against the volatility of traditional asset classes.