The first nationwide consumer finance company successfully issued a credit asset-backed security utilizing blockchain technology.

On September 5th, Ma Shang Consumer Finance released the first national financial blockchain management platform for consumer finance companies at the "2025 Smart Expo Digital Industry Ecology Conference". Leveraging the platform, Ma Shang Consumer Finance successfully issued the "An Yi Hua 2025 Third Phase Personal Consumer Loan Asset-Backed Securities". According to relevant person in charge of Ma Shang Consumer Finance, this is the first credit asset-backed securities in the country to apply blockchain technology. Subsequent financial bonds, asset-backed securities and other financial products will regularly use this platform technology to expand the application boundaries of blockchain in the field of consumer finance.