Natixis AM Finance partners with LaBChain
LaBChain, the leading European bank-finance-insurance consortium devoted to Blockchain technology1, unveiled its second finance case study carried out in partnership with Natixis Asset Management Finance, Caisse des Dépôts, Crédit Agricole, CNP Assurances and OCTO Technology.
The partners designed an experimental securities lending collateral management platform based on Blockchain technology. This technology was developed on Ethereum and is used to test the handling of smart contracts2 and the implementation of a financial middle office function, thereby automating contract execution.
1 Blockchain technology is used for transparent and secure data storage and communication.
2 Smart contract is a self-verifying and self-performing contract, carried out on the basis of conditions that are pre-defined by both parties. This type of contract can be run favorably using Bitcoin blockchain.
Natixis Asset Management Finance - public limited company (Société anonyme) with share capital of €15,050,000. Registered in the Paris Trade and Companies Register no. 479 989 238 – Credit institution authorized by the French Autorité de contrôle prudentiel et de résolution (ACPR - French Prudential Supervisory Authority for the Banking and Insurance Sector) since October 1, 2009 - 21, quai d’Austerlitz - 75634 Paris Cedex 13