The nation's first consumer finance company-issued credit asset-backed security utilizing blockchain technology has been launched.

According to ChainCatcher, citing Golden Ten Data and The Paper, Mashang Consumer Finance released the first financial blockchain management platform among national consumer finance companies at the "2025 Smart Expo · Digital Industry Ecosystem Conference." Relying on this platform, Mashang Consumer Finance successfully issued the "Anyihua 2025 Third Phase Personal Consumer Loan Asset-Backed Securities."

According to a relevant person in charge at Mashang Consumer Finance, this is the first asset-backed security using blockchain technology among national consumer finance companies. In the future, the issuance of financial bonds, asset-backed securities, and other financial products will routinely utilize this platform's technology, continuously expanding the application boundaries of blockchain in the consumer finance sector.