Alfa-Bank joins international CLSNet system

AK&M 14 January 2021 20:01

Alfa-Bank has joined CLSNet, an automated clearing system for counter payments denominated in more than 120 currencies. The bank will become a market maker for ruble instruments, the bank informed.

CLSNet is an innovative product of CLS Group based on Linux's Hyperledger Fabric blockchain solution, intended to automate the calculation of mutual payments during conversion transactions.

AO Alfa-Bank (tax number: 7728168971) established in 1990 is a universal bank performing most of the basic banking operations in the market of financial services.