Today Banco Santander announced that it issued a tokenized $20 million bond on the public Ethereum blockchain. It will live on the blockchain until maturity, with both the investment and quarterly coupons tokenized as securities. This, the Spanish bank claims, is the first bond processed end-to-end using distributed ledger technology (DLT).
While the bond involves real money, it was issued by the bank and purchased by one of its subsidiaries.
The project was completed with help from London-based blockchain startup Nivaura. Santander InnoVentures, along with the London Stock Exchange, invested in the firm in February.
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