R3 and Axoni conclude DLT trial for bonds
Proof-of-concept project explores uses for distributed ledger technology for bond issuance processes
Distributed ledger companies R3 and Axoni have completed a multi-month proof of concept exercise aimed at exploring uses for the technology in bond issuance, including rationalising reference data processes and eliminating the inconsistencies that can ensue from the use of legacy systems.
The project was co-ordinated by Credit Suisse and the Securities Industry and Financial Markets Association and included seven buy- and sell-side companies.
"Using blockchain and distributed ledger technology
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