Rabobank used blockchain to issue €40 million in one-week maturity euro commercial paper across 19 pilot transactions.
With rising interest rates, blockchain is coming to the fore to empower shorter settlement times, enabling intraday transactions and hence improving liquidity.
The commercial paper, denominated in euros and pounds, was issued by the Dutch State Treasury, Rabobank Treasury and Austria’s Erste Bank, with Northern Trust Asset Management as the investor.
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