While we do not often hear about it in the news, the U.S. syndicated loans market is approximately $3 trillion in size. Although large sums of money change hands in this market, the efficiency in the operations of this market remains dependent on circulating lots of paper amongst many different parties. The loan syndication space is prime for increased efficiency with blockchain tech. In this episode, I speak with Bridget Marsh, Executive Vice President and Deputy General Counsel of the Loan Syndication Trade Association, and Aaron Wright, Founder of OpenLaw, on how the syndicated loan market works and why using a blockchain based contract platform such as OpenLaw will make the syndicated loan market better for all parties.
While we do not often hear about it in the news, the U.S. syndicated loans market is approximately $3 trillion in size. Although large sums of money change hands in this market, the efficiency in the operations of this market remains dependent on circulating lots of paper amongst many different parties. The loan syndication space is prime for increased efficiency with blockchain tech. In this episode, I speak with Bridget Marsh, Executive Vice President and Deputy General Counsel of the Loan Syndication Trade Association, and Aaron Wright, Founder of OpenLaw, on how the syndicated loan market works and why using a blockchain based contract platform such as OpenLaw will make the syndicated loan market better for all parties.