MonetaGo pioneers digitisation in India
Financial technology solutions provider MonetaGo has today announced that a commercial paper has been digitally issued in Asia for the first time using blockchain technology. MonetaGo completed this transaction through a partnership with banking services provided by Yes Bank and the issuer Vedanta, a natural resources conglomerate.
India's highly-regulated commercial paper market involves huge amount of paperwork to be prepared by the Issuer for every transaction
