Russia: Sberbank Uses Blockchain to Make 3-Way Repo Deal

The Russian bank declared that, with great involvement from Region Brokerage Company and Russia’s National Settlement Depository (NSD), it had completed the “globe’s first” three-way over-the-counter (OTC) repo by employing a smart contract. In this agreement, the securities are sold off to an individual, with the trader accepting to rebuy them at a certain pre-put future price and date. These are actually short term loans.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/russia-sberbank-uses-blockchain/