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Santander Settles Both Sides of a $20 Million Bond Trade on Ethereum

“Previously, the World Bank issued a similar blockchain bond but used a private version of ethereum” reports French lender Societe Generale issued a bond earlier this year on the public ethereum network but said nothing about cash on-ledger.Spanish banking giant Santander says it has become the first institution to use a public blockchain to manage all aspects of a bond issue.That’s what it’s like to issue securities on a blockchain while settling the cash side of the trade through the analog legacy system.This is perhaps not so surprising given it is almost five years since the second-largest blockchain switched on its mainnet.

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