BIS explores blockchain to improve funding for MSMEs using digital trade tokens
Dubbed Project Dynamo, Bank for International Settlements sought to use digital trade tokens minted on public blockchains to broaden access to global funding for MSMEs.
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Bank for International Settlements, Hong Kong central bank tap distributed ledger tech to raise SME funding
The Hong Kong Monetary Authority and the Bank for International Settlements seek to leverage the benefits of decentralized finance and blockchain while simultaneously boosting funding for SMEs.