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Cryptopolitan 2019-09-12 14:57:04

Santander executes first ever bond issue on Ethereum blockchain

In a first, Santander, a major Spanish bank, has issued $20 million bond issue on Ethereum in tokenized form and settled the sale using ERC-20 tokens from another custody account. There was no other third party involved in the whole process besides the underlying Ethereum blockchain. This latest bond issue on Ethereum shows what it means to truly exploring blockchain implementation in the banking sector. This is reportedly the first ever blockchain based deal. Blockchain is fast gaining ground in the banking arena with major banks now using it to secure their networks or manage their digital transactions. Traditionally, bonds

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