The Spanish stock exchange has recently announced the launch of blockchain-based collateral pledges, which is believed to have positive implications for the future of the economy. This launch by the stock exchange comes at a time when the uncertainty in the global markets has caused widespread market volatility and losses. The Spanish stock market, known as the Ibex 35, is one of the most important benchmarks for the global markets and has been tracking losses since the start of 2020.
Collins Obusanya, Head of Trading & Investment at BME: “This project is a demonstration of the commitment of BME and the Spanish stock exchange for innovation”
Collins Obusanya, the Head of Trading & Investment at BME Group, commented on the initiative, “This project is a demonstration of the commitment of BME and the Spanish stock exchange for innovation. This initiative is further proof that the market is embracing new technologies and solutions with an eye to the future, so as to enhance liquidity and growth. This will go a long way in providing a secure environment for both investors and issuers.”
BME Group has long been associated with the Spanish stock exchange, and this move is seen as part of their plan to ensure the stability of the market in the future. The group is known for its commitment to innovation and the use of modern technology. The blockchain-based pledges will help ensure that the market remains secure, and that investors can feel confident in their investments.
Spanish Stock Exchange: “We are confident that the adoption of blockchain pledges strengthens trust”
The Spanish Stock Exchange also released a statement on the matter, saying, “We are confident that the adoption of blockchain pledges strengthens trust in the market and will make the Spanish Stock Exchange more efficient and reliable. We will continue to invest in innovative technologies and solutions that will benefit our clients and contribute to the growth of the Spanish economy.”
The news of the blockchain-based collateral pledges has been welcomed with great enthusiasm by investors, who believe that this initiative will help to make the stock market more secure. This move by the Spanish Stock Exchange is another step in the right direction for the future of the economy and the stock market.
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