Today Crédit Agricole CIB and SEB unveiled a new public blockchain bond issuance platform, so|bond. It aims to improve efficiencies in the bond issuance process with a sustainable twist. The network isn’t targeting green bonds per se but aims to be eco-friendly in how it operates. It positions itself as an open platform that is only semi-permissioned compared to most bank bond platforms that are fully permissioned.
“The platform’s innovative approach, both to the blockchain infrastructure and to the securities market, is coupled with the strong commitment to green and sustainable finance that is at the centre of our Societal Project,” said Romaric Rollet, Head of Innovation and Digital Transformation at Crédit Agricole CIB.
So|bond offers the benefits we’ve come to expect from blockchain bond issuance platforms, including efficiencies in the issuance, administration and automation using smart contracts.
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