The first credit asset-backed securities using blockchain technology by a national consumer finance company have been launched

ChainCatcher news, according to Jinshi citing The Paper, Mashang Consumer Finance has launched the first financial blockchain management platform for national consumer finance companies at the "2025 Smart Expo · Digital Industry Ecosystem Conference." Relying on this platform, Mashang Consumer Finance successfully issued the "Anyihua 2025 Third Phase Personal Consumer Loan Asset-Backed Securities."

According to a relevant person in charge at Mashang Consumer Finance, this is the first credit asset-backed securities in the country to utilize blockchain technology. The issuance of subsequent financial bonds, asset-backed securities, and other financial products will regularly use the technology of this platform, continuously expanding the application boundaries of blockchain in the consumer finance sector.