A subsidiary of BNP Paribas Group has launched a blockchain tech initiative centered on the crowdfunding of private securities.
Blockchain startup CommonAccord is one of eight startups selected for BNP Paribas' new FinTech accelerator, L’Atelier.
French banking services group BNP Paribas hosted a development event last month focused on blockchain technology.
BNP Paribas Fortis has denied it is gearing up to enter the bitcoin space as a digital vault provider.
Despite an initial skepticism, major financial institutions are beginning to become more public with their interest in bitcoin and the blockchain.
Blockchain technology will bring either doom or opportunity to securities services firms, according to European banking giant BNP Paribas.