This just in, European Banks, SEB and Crédit Agricole CIB have collaboratively announced the launch of so|bond, a first-ever platform for digital bonds that leverages blockchain technology.
SEB and Crédit Agricole CIB have launched a blockchain infrastructure to enable the issuance of digital bonds through smart contracts. The infrastructure will use the Proof of Climate Reness protocol to minimize the environmental footprint and remunerate nodes based on their climate impact. The platform’s open, transparent and secure model also fosters trust between market participants and allows further innovations such as using a future central bank digital currency.
Anna Sjulander, Head of sovereigns, supranational, and agencies debt capital markets at SEB stated, “The launch of the digital bond platform is an important step for SEB, and for the issuers and investors that join the platform, and will allow us to gain insights into what the innovative space of digital assets mean for the financial services industry.”
Compiled by Coinbold