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Prontoblock and Mercantile Bank International Partner to Modernize the $1.25 Trillion Commercial Paper Market Through Tokenization

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Time Stamp: August 10, 2023 7:39 AM - Modified On: August 10, 2023 - Published By:
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Republished By Plato

New York, August 10, 2023 – Prontoblock, a leading digital asset fintech company, is pleased to announce its strategic partnership with Mercantile Bank International (MBI). This partnership aims to revolutionize the commercial paper market through the tokenization of these financial instruments. This partnership will empower MBI clientele to engage in the purchase and issuance of tokenized commercial paper using Prontoblock’s cutting-edge digital assets platform. Prontoblock will collaborate closely with issuers to identify the most suitable commercial paper instruments for tokenization. The outstanding value of U.S. commercial paper exceeded $1.25 trillion

Paribus. Trust Less.

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Time Stamp: May 3, 2023 4:37 AM - Modified On: May 3, 2023 - Published By:
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One month ago, Jerome Powell, head of the Federal Reserve in the US, announced that the banking system was sound and robust despite the collapse of several large banks. After raising rates a further 0.25%, he said, “We’re committed to learning the lessons from this episode and to work to prevent events like this from happening again.” As we prepare for another potential 0.25% rate hike on May 3rd, another major bank in the US, First Republic Bank, has collapsed. Its collapse is part of a larger trend of consolidation

Drawing Parallels

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Time Stamp: October 26, 2022 5:39 AM - Modified On: October 26, 2022 - Published By:
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For many people in crypto, the way that regulators are approaching the industry is unique and can at times seem unnecessarily adversarial. For those with prior experience in nascent industries, it bears remarkable similarities to how other technologies have seen regulations imposed on them. For many people in crypto, the way that regulators are approaching the industry is unique and can at times seem unnecessarily adversarial. For those with prior experience in nascent industries, it bears remarkable similarities to how other technologies have seen regulations imposed on them. Five years