Small business loan online marketplace Marketlend has created a new digital currency - called Black, which it said would create a secondary market for its corporate loans by facilitating a process of "tokenisation" of assets over blockchain.
Marketlend will launch Black as a pilot project this week, giving 26 investors in one of the loans issued over its platform a digital wallet to hold their digital currency.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
