Fintech Firm MQube Tokenises Mortgages
MQube, a mortgage fintech firm, has tokenised £1.3bn worth of mortgage debt on the blockchain, becoming the first fintech in Europe to do so.
The firm explained that tokenisation of assets involves converting tangible or intangible assets, such as real estate, into digital tokens recorded on a decentralised blockchain ledger or digital registry.
- Stock, bonds, and real estate have been tokenised before.
- MQube’s announcement represents the first time mortgage debt has been brought onto the blockchain in Europe.
“The benefits of tokenising mortgage debt right now, is that it allows mortgage lenders to achieve data integrity, transaction security and audit traceability” - Stuart Cheetham, MQube CEO.
Author's summary: MQube tokenises £1.3bn mortgage debt on blockchain.
More News
- [COMMEMORATE definition and meaning | Collins English ...]
- UFC 323 Results
- As Durham crime rates fall, city remains vigilant
- Marvin Vettori “The Italian Dream”
- Durham University
- North Little Rock maritime museum to commemorate anniversary of Pearl Harbor attack
- Awareness walk held to commemorate INT'L Anti-Corruption Day
- Time to talk about Bruno! Brunno Ferreira defeats Marvin Vettori by Unanimous Decision
- Durham Osteopathy Receives 2025 Consumer Choice Award
- Newcastle 2-1 Burnley: What Parker said