Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA (MC:BBVA)), has carried out a blockchain-based syndicated loan of $150 million, U.K.-based global financial news agency Finextra reports Wednesday, Nov. 7.
The syndicated bank transaction has been conducted on a private blockchain network through a group of three funding banks including French banking group BNP Paribas (PA:BNPP), Japan’s bank holding Mitsubishi UFJ Financial Group (MUFG), and BBVA.