European banks launch ‘sustainable’ blockchain platform for digital bonds By Cointelegraph
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Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade and settle bonds digitally, providing a more efficient and secure process than traditional methods.
The platform is a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole (OTC:) Bank, called “so|bond.“ According to the announcement from April 3, the blockchain network will be using a validation protocol, “Proof of Climate awaReness,” and minimizing its environmental footprint.
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Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade and settle bonds digitally, providing a more efficient and secure process than traditional methods.
The platform is a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole (OTC:) Bank, called “so|bond.“ According to the announcement from April 3, the blockchain network will be using a validation protocol, “Proof of Climate awaReness,” and minimizing its environmental footprint.
Continue Reading on Coin Telegraph
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