Over the weekend, a Banco Santander executive suggested on LinkedIn that someone might want to create a public, permissioned Layer 2 chain that is Ethereum compatible. John Whelan, who leads the Crypto & Digital Assets Unit at the bank, pointed out it could be hand for the EU DLT Pilot Regime. Starting in December this year, this will allow regulated institutions to experiment with security tokens at scale. And the UK is planning something similar.
Whelan is one of the more experienced executives in this area, having helped the bank release a bond on the public Ethereum blockchain back in 2019. Santander was also involved in the European Investment Bank’s €100m public blockchain bond last year.
His question ignited some debate, with a variety of views expressed.
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