Spanish stock market operator to launch blockchain collateral pledge certificates

Spanish stock market and financial systems operator Bolsas y Mercados Espanoles (BME) is planning to introduce blockchain collateral pledge certification process, BME wrote in a press release. Together with Renta 4 Banco, they have carried out pilot tests for the new digital certification process, which is going to go live by the end of 2019.

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The proof of concept developed fully by BME’s DLT-Lab has made the transfer from physical to digital certification possible. It has reduced the length of end-to-end processes by more than over 80 per cent, providing all transaction participan