Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform

Updated: 20 July 2021

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Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVA’s ever-developing distributed ledger technology (DLT) platform. The loan, valued at €150 million (the equivalent of nearly $170 million USD) is, says a press release from BBVA: “The first acquisition term loan ever arranged through blockchain technology.” Acquisition term loans

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Melanie Kramer

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Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform

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