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alternative assets

Citbank’s 900 million reasons to use smart contracts

Posted on August 21, 2020August 21, 2020 by Aaron Powers

 

In case you’re not clear about the risks of manual administration of private market ‘alternative’ investments – a smart contract could have saved Citibank from a $900m mistake earlier this week.

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Posted in NewsTagged alternative assets, compliance, DLT, legaltech, private credit, smart contract

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About Hunit

We are a Microsoft ScaleUp accelerator backed SaaS provider to law firms and in-house counsel. Our platform allows legal professionals to create and manage smart contracts and distributed ledger based investments without learning to write software code. Via purpose-built tools that integrate into today’s working environment, legal professionals can use Hunit to bring the benefits of digitalization to paper-based markets including alternative investments, corporate bonds and real estate.

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