BNP Paribas Securities Services is examining the prospects of allowing companies issue mini-bonds on its blockchain technology platform. The firm issued a press release stating the mini-bonds are for private company shares and it has hooked up with renewable energy crowdfunding companies Lendosphere, Enerfip and Lumo to let private companies issue the mini-bonds through the blockchain technology. The move follows the French government’s initiative that lets private companies issue mini-bonds via crowdfunding platforms. The government also wants crowdfunding companies to consider using distributed ledger technology, otherwise known as blockchain, rather than existing individual ledgers, to ensure the authentication of transactions. As part of the partnership with the crowdfunding companies, BNP Paribas Securities Services is working on a distributed ledger that will register all mini-bonds issued via the platform and record all related transactions and changes of ownership.
