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, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
