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


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Spanish banking big Santander (NYSE:SAN) has introduced right now that it has grow to be the primary financial institution to make use of blockchain to handle a bond challenge.
The financial institution reportedly issued $20 million USD value of bonds on the Ethereum blockchain, the place it should stay till the top of its one-year maturity. As a part of the transaction, Santander used an ERC-20 token to symbolize the worth of the bond, which it issued on Ethereum’s blockchain community. This ERC-20 token was then purchased by considered one of Santander’s corporations, Santander Company and Funding Banking (CIB), for the token’s market worth and the …
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