Follow us on or join ours

Technology blockchain has already permanently entered the financial services market, and its use in this area is not limited to cryptocurrency. Distributed networks, both in the public and private versions, are more and more appreciated. Recently, this solution has been used by, among others Santander Bankby entering bonds based on blockchain technology.

Santander Bank pioneered tokenization

Spanish capital bank Santander Bank, has recently announced a digital bond issue tokens, thus becoming a precursor to the use of blockchain technology in the capital market.

The operation was carried out on a public network Ethereum, and the entire issue process has been submitted tokenizacji.

It was the first such venture on the financial market.

Santander has recorded a total of $ 20m in securities on block chains and has completed full settlements via ERC-20 tokens.

So far, no other bank has issued a bond issue based entirely on the public, dispersed data network, which is Ethereum.

Operation Details

As the first bonds based entirely on blockchain, Santander Bank issued so-called vanilla bonds, which are simple fixed-rate debt securities, which in this case amounted to 1,98%.

The buyout period was set at 12 months.

Investors could purchase blockchain bonds in euros, which were tokenized in the Ethereum network, and then transferred to a smart contract expressing the value of deposits via tokens.

This solution blocks the possibility of carrying out any actions on tokens, until they are bought by the bank, together with interest due.

Yes for blockchain technology - not for cryptocurrencies

Blockchain bonds issued by Santander Bank may have suggested that the bank is planning a return towards digital currencies.

However, the facility strongly denies that it has such plans. As the bank's representatives emphasize, he is interested in using the potential of blochchain technology, but only in the context of operations on securities, taking into account primarily their transparency and speed of implementation.

5 / 5 - (3 votes)

Tokeny.pl is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information posted on the Tokeny.pl portal is for informational purposes only and does not constitute investment advice or financial recommendation within the meaning of the law, including the Regulation of the Minister of Finance of 19 October 2005. The published content does not constitute an investment offer.

Tokeny.pl is not responsible for decisions made based on the information provided. Investments in cryptocurrencies, OTC instruments and CFDs involve the risk of losing some or all of the invested capital. Profits on such markets are dependent on market volatility and the financial leverage mechanism used, which can lead to losses exceeding the value of the initial deposit. Therefore, such investments may be inappropriate for people who do not have the appropriate experience or risk tolerance.

Copyright © 2018 - 2024 Tokeny.pl

My Newsletter

Sign Up For Updates & Newsletters

© 2025 Your Company. All rights reserved.