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Mashang Consumer Finance Launches China’s First Blockchain-Based Credit ABS

According to the company’s official statement at the 2025 Smart Expo, Mashang issued Anyihua 2025 Phase III loan ABS using blockchain, pioneering China’s consumer finance securitization sector.

Summary

Mashang Consumer Finance officially announced the launch of China’s first blockchain-based management platform for consumer finance companies during the 2025 Smart Expo Digital Industry Ecosystem Conference. Using this platform, the firm issued the 'Anyihua 2025 Third Phase Personal Consumer Loan Asset-Backed Securities,' marking the first credit ABS in China utilizing blockchain technology. The company confirmed that the platform will also support future issuances of financial bonds and asset-backed securities, extending blockchain adoption in the consumer finance sector.

Terms & Concepts
  • Asset-Backed Securities (ABS): Financial instruments backed by pools of assets, such as loans, that provide investors with returns from the underlying cash flows.
  • Blockchain-Based Management Platform: A digital platform utilizing blockchain technology to enhance transparency, security, and efficiency in managing financial products and transactions.
  • Consumer Finance: A sector of finance that provides loans and credit products directly to consumers for personal use, such as consumption or lifestyle-related spending.