#bonds

French Bank Societe Generale Issues $122 Million Covered Bond on Ethereum Network

April 25, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Finance, News

Societe Generale SFH, a subsidiary of one of Europe's largest financial services groups, Societe Generale Group, on April 23, 2019, announced that it had issued the first covered bond as a security token on the public Ethereum blockchain. $122 Million Bond on Ethereum Blockchain An increasing number of banks and...

Multiple Watering Cans Watering Pots of Coins

Crypto Bonds Pioneer Nivaura Completes Seed Round for Market Automation Project

February 28, 2019 by Priyeshu Garg at Adoption, Blockchain, Business, Development, Exchange, Finance, News

On February 27, Bloomberg reported that Nivaura Ltd, which issued the first cryptocurrency bond, has completed the first round of funding for its’ investment market automation project. Who Are Nivaura Ltd? Nivaura Ltd is a British startup that aims to bring a digital revolution to the capital markets, with a...

Islamic Bonds Look to Tap Into Blockchain Technology

October 26, 2018 by Priyeshu Garg at Adoption, Altcoins, Blockchain, Finance, News

The world of Islamic finance has traditionally been a relatively small one, hampered by its geographic spread and its fundamental incongruity with conventional finance, which is based on credit. An October 24, 2018, a Reuters report, however, paints a picture of a world of possibility opened up by blockchain technology...

Austria to Auction €1.15 billion Worth of Bonds on Ethereum’s Blockchain

September 28, 2018 by Nigel Dollentas at Altcoins, Blockchain, Ethereum, Finance, News, Regulation

The Austrian government announced on September 27, 2018, the auction of €1.15 billion ($1.35 billion) worth of government bonds on the Ethereum blockchain. The sale begins on October 2 with operations overseen by Oesterreichische Kontrollbank (OeKB), one of Austria’s biggest banks. First Time Western Government Uses Public Blockchain for Bonds...

World Bank Mandates the Commonwealth Bank of Australia to Issue Blockchain-Based Bonds

August 11, 2018 by Shaurya Malwa at News

Australia’s largest bank, Commonwealth Bank of Australia has been mandated by the World Bank to issue bonds created exclusively on blockchain platform, right from their creation, allocation and transfer to other potential bondholders. The announcement was made in a press release published on August 10, 2018, on the official World...

Lewisville Mayoral Candidate Promises New Municipal Cryptocurrency to Raise Funds

March 31, 2018 by Priyeshu Garg at Altcoins, Business, Finance, News, Regulation, Tech

Like many American cities, Lewisville, Texas, is struggling with an understaffed police force. With a population of over 100,000, the city had just one sworn police officer per 637 residents. The lack of adequate funds is often cited as one major impediment hindering the city administration’s ability to tackle the...

Antshares Flexes A Technology Muscle, Set to Release Smart Contracts For Everyone

May 18, 2017 by Lori Brown at Blockchain, News, Tech

Antshares sets the pace in a new playing field amongst Blockchain applications and is set to release their smart contracts 2.0 in June, an important development contributing to diversity within the blockchain community and of smart contracts, with Hyperledger not open to the public and Rootstock yet to release anything....

Bonds Will Soon Come to the Blockchain

April 13, 2017 by Alex Lielacher at Blockchain, Finance, News

Using blockchain technology to trade, settle and clear financial securities is one of the most talked about applications for the distributed ledger technology in the financial services industry. Currently, several international securities exchanges are trialing the technology to improve the efficiency of their processes and to reduce operational costs. However,...

CBA Executes First Ever Blockchain-based Government Bond

January 27, 2017 by Nigel Dollentas at Finance, News, Tech

Queensland Treasury Corporation (QTC), the Queensland's central financing authority, will be using a prototype of The Commonwealth Bank of Australia’s (CBA) capital markets blockchain platform. The trial execution of a virtual “cryptobond,” the first such blockchain bond issued by a government entity, is not QTC’s first interaction with the CBA....

BNP Paribas Launches Minibonds Blockchain Platform Late 2016

September 20, 2016 by JP Buntinx at Business, Finance, News

BNP Paribas is one of the many global financial institutions exploring blockchain technology. Through its Securities Services arm, the group will expand their blockchain platform for private stocks. In doing so, the group seeks to help unlisted companies by letting them issue ‘minibonds’ through crowdfunding platforms. Issuing Microbonds On...