Today Spanish stock exchange BME announced that the Inter-American Development Bank (IDB) has issued a 2 year $10 million blockchain-based bond, the first Spanish bond to be listed on a regulated market. The project is a template for IDB and its Latin American LACChain blockchain initiative with plans to issue future thematic bonds in Spain, Latin America and the Caribbean.
“We expect it (DLT) to bring about such significant reductions in issuance frictions and costs that they could lead to an expansion of capital markets, making them accessible to small investors,” said Irene Arias Hofman, CEO of IDB Lab.
“For the IDB Group it is also a basis for future developments to finance green investments, women’s entrepreneurship and social impact of high strategic interest”.
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