China Merchants Bank Subsidiary Uses Blockchain for DeFi Applications By Cointelegraph

China Merchants Bank Subsidiary Uses Blockchain for DeFi Applications

Hong Kong-based China Merchants Bank International (CMBI) will develop and launch blockchain-based solutions for its financial services.

In an Oct. 3 press release shared with Cointelegraph, CMBI, a wholly-owned subsidiary of China Merchants Bank, announced that it is partnering with Chinese blockchain startup Nervos to apply blockchain technology to its financial products and services.

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