Ep. 49 - The BiPS Have Landed - A Giant Leap for Fintech?

Frontier Tech Radio

Lee Birkett describes what just happened as a world first and for them something akin to landing a mission to Mars. It's certainly hugely significant because this is the very thing that we were talking about with Mike Barrell the founder of the Security Tokens Realised conference: the tokenization onto the blockchain of regulated assets. In this case loan parts from properties, regulated by the FCA. So how did one of the smaller regulated players, from the P2P market, get there first and break this new ground? Well the fact is they were already ahead - because they were already able technologically and within the regulatory framework they worked so hard to construct to fractionalise traditional physical assets such as property and loans. Adding blockchain technology and a token they've chosen to call BiPS is simply like throwing petrol on the fire. As Mike Barrel put it last week this market is going to go quickly into the billions. You can explore BiPS here: bips.Moneybrain.com You can also read about the advent of BiPS in City AM here