Share this article
Guangdong Blockchain Financing Platform Aims to Help Small Business
A new platform backed by Guangdong province aims to streamline the process for commercial banks to lend funds to small businesses with more detailed and reliable profiles provided by its blockchain network.
By David Pan
Updated Dec 10, 2022, 8:00 p.m. Published Jan 2, 2020, 7:29 p.m.
The Guangdong government launched a blockchain-based financing platform Thursday that will help small companies in the region receive loans faster from commercial banks.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The government-led project is supported by OneConnect, a fintech firm backed by one of the largest Chinese insurers, Ping An Insurance, according to a media report from Sina Finance.
The platform aims to streamline the process for commercial banks to lend funds to small businesses with more detailed and reliable profiles, including credit ratings, provided by its blockchain network.
The new platform could be the result of a government initiativehttp://www.gd.gov.cn/gdywdt/gdyw/content/post_2530521.html launched in July to create a blockchain financing platform to connect with nearby Hong Kong and Macao to help small businesses get loans easier, according to the report.
One of the platform's users is Ant Financial which announced in November plans to test its blockchain network, Ant Blockchain Open Alliance, to support startups, while OneConnect filed a $468 million initial public offering in the U.S. in the same month.
The new platform creates credit ratings for small and medium businesses based on their financial and administrative information via a blockchain network of 26 government agencies such as the State Administration for Industry and Commerce.
“Borrowing money from commercial banks for small companies has been slow and expensive,” Xiaojun He, the director of Guangdong Local Financial Regulatory Bureau, said in the report.
With the platform, small businesses will be able to use their intellectual property and export-import trading records to apply for funds from commercial banks, which is impossible under the status quo, according to the report. It can also match companies with 319 financial products depending on their financial situations.
According to the report, the platform has collected information from more than 11 million companies as well as 129 financial institutions. It has processed three transactions between local technology startups and commercial banks including the Industrial Commerce Bank of China, China Construction Bank and Ping An Bank.
Mais para você
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
O que saber:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
