Today DekaBank announced it is the buyer of a €100m digital registered covered bond issued by Natixis Pfandbriefbank. The issuance was the first of its type in Germany and it used the SWIAT permissioned blockchain. Natixis Pfandbriefbank is an indirect subsidiary of Groupe BPCE, France’s fourth largest banking group.
DekaBank was also the registrar and paying agent.
DekaBank founded SWIAT with LBBW and Standard Chartered’s SC Ventures investing subsequently. SWIAT has been involved in several issuances as part of the ECB’s wholesale DLT settlement tests that attracted almost 60 institutions, but the latest bond was not part of the trials.
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.
