Fintech

UBS donates blockchain code to HIV research project

Swiss bank's technology will be used by a new platform being launched to issue $10 billion worth of social impact bonds

UBS donates blockchain code to HIV research project
Photo: iStockPhoto

UBS has donated the code for its experimental trading platform powered by blockchain technology to an organisation that wants to issue bonds to raise money for HIV research.

Finclusion, a London-based fintech firm, has developed a blockchain platform for HEAL Alliance, a non-profit organisation looking into a cure for HIV that wants to issue social impact bonds.

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