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Using blockchain technology, Russia’s largest bank and a private investment firm have settled a repo transaction via the country’s central securities depository.
Russia’s largest bank Sberbank and a private investment firm, Region Group, report that they have settled “the first Russian law-governed repo transaction” with a smart contract developed via the bank’s blockchain laboratory. Using the blockchain for repos provides market participants with “additional flexibility” because it gives end-users a transparent workflow and an “additional level of...
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