Santander Settles Both Sides of a $20 Million Bond Trade on Ethereum
Santander has issued a $20 million bond on ethereum, and paid fiat cash for it on the public blockchain as well.
Bonds
Bank of China has issued 20 billion yuan, or about $2.8 billion, in blockchain-based bonds to small businesses.
The U.S.-based custody bank is looking to offer fractions of tokenized bonds to retail and small professional investors.
"This unequivocally proves that a debt security can be managed through its full lifecycle," said an exec.
A new trial will examine if digitalizing fixed income securities with DLT can bring new efficiencies to the Asian markets.
Societe Generale has no plans to resell its $110 million ethereum bond, but future blockchain trials will involve external investors, an exec said.
