Santander settles both sides of a $20 million bond trade on Ethereum

Santander settles both sides of a $20 million bond trade on Ethereum

Banco Santander, a bank in Spain, announced the launch of the first end-to-end blockchain bond of $20 million issued directly on the Ethereum blockchain. Even though the bank itself is the issuer of the bond, the purchase of the bond was made by one of the Group’s units at a market price. The report further suggested that the bond bears a quarterly coupon of 1.98 per cent.

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