Company Overview of Paris EUROPLACE
Paris EUROPLACE provides marketing services focusing on financial markets in Paris. The company organizes financial forums and events for financial institutions, law and accounting firms, and asset management companies. It also provides promotional publications. Paris EUROPLACE is headquartered in Paris, France.
39-41, rue Cambon
Key Executives for Paris EUROPLACE
Compensation as of Fiscal Year 2016.
Paris EUROPLACE Key Developments
7 Major Financial Institutions Join Forces to Develop Blockchain Infrastructure for SME Post-Trade
Jun 21 16
BNP Paribas Securities Services, Caisse des Dépôts, Euroclear, Euronext, S2iEM and Société Générale, in collaboration with Paris EUROPLACE, announced that they have signed a Memorandum of Understanding to explore together the development of a post-trade blockchain infrastructure for SMEs in Europe. Open to other international partners, this pilot agreement aims to improve SMEs' access to capital markets while facilitating secure and transparent post-trade operations. It is part of the development of a new regulatory environment in France that allows the issue and circulation of securities using blockchain technology. The partnership's main objective is to combine its members' financing capacity and expertise to promote innovation through a new, independent company whose mission will be to harness blockchain technology in the design, development and deployment of innovative solutions for post-trade. By reducing transaction costs while maintaining a high level of security, the company would help SMEs raise funds more easily on capital markets. Blockchain technology has the potential to significantly enhance and streamline post-trade operations by facilitating securities registration for the European market and allowing fast execution of trades with clearing & settlement in real time at T+0. Blockchain technology is based on a virtual ledger that assembles data for shared distribution between many different users. To appear in the ledger, data must be organized in blocks, each bearing a digital signature verified by users. New blocks can only be added to the chain if they are approved by the majority of users, and if the new unit is in keeping with existing blocks. Once added to the chain, the block is linked to these validated, unalterable blocks. The resulting decentralised security mechanism makes blockchain a pioneering technology that is widely used for data transmission.
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