Today ABN Amro announced it issued a €450,000 bond on a public blockchain on behalf of APOC Aviation, an aircraft parts company. The Dutch bank used its experience from buying and reselling the European Investment Bank’s public blockchain bonds and is working with clients in the Netherlands and Germany on additional tokenized bonds.
The bond’s entire issuance process was digital, including the preparation, placement and documentation. This particular issuance targeted wealth management clients, so accredited investors rather than institutions, who store the digital assets in a wallet.
Ownership of the digital asset was recorded on the Stellar blockchain after payment was received. Hence conventional payment was used. In the past, ABN Amro has also worked with Ethereum and private blockchains.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
