Standard Chartered, Philippines Bank Issue $187M Blockchain Bond
The proof-of-concept issuance of tokenized bonds was carried out on a blockchain platform built by Standard Chartered's fintech investment unit.
Initially targeting the European market, the U.K.-based company will seek to connect institutional traders to counterparties across markets.
The world’s biggest custodian bank beats rivals JPMorgan and Citi to the punch.
The platform will launch later this year, offering bitcoin trading initially with ether to be added thereafter.
Zodia Custody is currently pending approval by the U.K.'s Financial Conduct Authority and is expected to launch in 2021.
Standard Chartered has gathered a group of crypto exchanges for a new digital asset trading platform tailored to the institutional market, according to sources.