ABN Amro Registers Digital Green Bond on Public Blockchain
ABN Amro has become the first Dutch bank to register a digital green bond on a public blockchain.
Entire Process Digitized
- The entire process of preparing, placing, and documenting the bond was digital.
- Vesteda raised EUR5 million from DekaBank through this digital bond.
Ownership Recorded on Blockchain
- Ownership of the bond was recorded on the blockchain using tokens.
- Investors acquired tokens after paying for the bond.
- ABN Amro used a wallet for accessing the digital bond and provided digital custody services.
Previous Digital Bond Registrations
ABN Amro had previously registered a digital bond for a Midcorp client on the public blockchain. The bank has also purchased a digital bond from the European Investment Bank for reselling.
Olivier Aartsen, head of debt capital markets at ABN Amro, says: “We will continue to advise other clients and investors in this area and aim to further support multiple digital bond issuances in the future.”