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Santander redeems $20M bond using Ethereum blockchain

Santander redeems $20M bond using Ethereum blockchain

Spain’s banking giant Banco Santander has redeemed a $20 million bond using the Ethereum blockchain. The firm performed an early repayment of the blockchain-based bond that was issued on Sept.10, 2019, aimed at showing that the Ethereum blockchain can be applied to securities issuance across the full lifecycle of a security.

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