Santander Launches First Ever End-to-End Bond on Ethereum Blockchain

0
19

Santander

Spanish banking giant Santander (NYSE:SAN) has announced today that it has become the first bank to use blockchain to manage a bond issue.

The bank reportedly issued $20 million USD worth of bonds on the Ethereum blockchain, where it will remain until the end of its one-year maturity. As part of the transaction, Santander used an ERC-20 token to represent the value of the bond, which it issued on Ethereum’s blockchain network. This ERC-20 token was then bought by one of Santander’s companies, Santander Corporate and Investment Banking (CIB), for the token’s market price and the …

Read The Full Article On CryptoCurrencyNews.com

click to read more 20 - Santander Launches First Ever End-to-End Bond on Ethereum Blockchain

logo CryptoCurrencyNews mi 20 - Santander Launches First Ever End-to-End Bond on Ethereum Blockchain

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

MUST READ  Crypto Market Indices go Live on Nasdaq, Reuters, Bloomberg – Why this Matters