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

Mashang Consumer Finance launched the nation's first blockchain-based financial management platform for consumer finance companies at the 2025 Smart China Expo Digital Industry Ecosystem Conference. Leveraging this platform, Mashang Consumer Finance successfully issued the "Anyihua 2025 Third Phase Personal Consumer Loan Asset-Backed Securities." According to a representative from Mashang Consumer Finance, this is the first credit asset-backed security issued by a consumer finance company in China using blockchain technology. Subsequent issuance of financial bonds, asset-backed securities, and other financial products will routinely utilize this platform's technology, continuously expanding the application of blockchain in the consumer finance sector. (Jinshi)