Global Debt Registry Joins Wall Street Blockchain Alliance

Dec 6 2017 | 6:44pm ET

Close on the heels of its late November announcement of a collateral pledge proof-of-concept using blockchain, loan data specialist Global Debt Registry has joined the Wall Street Blockchain Alliance.

Joining the Alliance reinforces GDR’s leading role in bringing the power of blockchain to the online lending space, the company said in a statement. 

“Blockchain is a highly innovative, promising technology reshaping the financial services industry,” said Charlie Moore, president of GDR, in the statement. “[We are] excited about collaborating with other expert technologists and business leaders in WSBA as we usher in the next generation of financial services risk infrastructure."

The Wall Street Blockchain Alliance is an industry leading non-profit trade association engaging market participants, regulators, policymakers and technology innovators involved in the adoption of blockchain’s distributed ledger technology.

Backed by a $5 billion private equity firm and led by a team of senior executives from Thomson Reuters, Bank of America, and Barclays, Delaware-based GDR utilizes cutting-edge technology to provide independent asset certainty and validation services across entire portfolios of loans in real time. The company’s asset certainty tools require no technology investment, using existing data structures and processes to streamline the flow of information from the lender to the investor.

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