Chinese e-commerce giant JD.com wants to issue asset-backed securities (ABS) using blockchain, local media reported Wednesday.
According to China’s Securities Regulatory Commission (CSRC) via its media outlet Securities Times, subsidiary JD Finance will issue the ABS in partnership with Huatai Securities and Xingye Bank.
The move is not the first in blockchain for JD. The company said in March it would launch a Blockchain-as-a-Service (BaaS) platform. Read more here.