Bogota – Colombia’s Financial Superintendence -SFC- provided the balance of the first pilot test for bond issuance Using blockchain technology built exclusively in the controlled space of Laurenera.
The purpose of this test, which is The first of its kind in this area was to observe the impact of Distributed Registry Technology – DLT – Using smart contracts, a non-fungible token and encryption algorithms throughout the life cycle of bonds in the second market in terms of operational cost, time, traceability, documentation and information asymmetry towards participants.
For this reason, this first pilot was classified as successful after negotiating issuance, along with authorization, initial registration and subsequent cancellation, at the National Registry of Securities and Issuers (RNVE). Payment registration and compliance done completely with blockchain technology in an agile and secure manner.
Throughout the negotiation cycle in the Colombian capital market, the reduction in...
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