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Credit Suisse, Banco Best Processed Fund Transfer using Blockchain
Credit Suisse Asset Management and Banco Best, a Portuguese financial institution, successfully processed live end-to-end fund transactions on the blockchain-based decentralized platform, FundsDLT, according to a press release. The use of blockchain based platform brings obvious characteristics of blockchain such as improved efficiency, scalability, security, transparency and faster processing. The processed transactions included all phases of the fund trade process from the real world that includes delivery of the order until the processing of the trade.