Fun

News Feed - 2023-09-15 07:09:31

Gareth Jenkinson13 hours agoABN Amro issues 5M euro digital green bond through Polygon-powered TokenyThe Dutch bank used Tokeny’s platform to issue and manage digital green bonds operating on Polygon’s layer-2 Ethereum protocol.1474 Total views45 Total sharesListen to article 0:00NewsJoin us on social networksDutch bank ABN Amro has carried out a digital green bond offeringthat made use of Polygon’s layer-2 Ethereum scaling technology to raise 5 million euros ($5.3 million).


The green bond was issued as an ERC-3643 token through Tokeny, an infrastructure platform that uses Polygon to allow financial institutions to issue and manage securities and financial instruments


ABN AMRO was able to secure 5 million euros in funding for real estate investor Vesteda. According to the bank, Vesteda intends to use the funding to refinance “green assets” as part of the company’s green finance framework


Green bonds are a means to raise funds that are used to invest in projects or companies that are sustainable and have a positive environmental impact.


ABN AMRO laid out further details of the green bond, which saw DekaBank take ownership of tokens representing its 5 million euro investment after payment was made. The bank makes use of Fireblocks to manage private keys to the digital bond


Related:EIB settles 100 million euro digital bond on private blockchain


ABN AMRO has previously explored digital bonds issuance, including purchasing and reselling a digital bond from the European Investment Bank (EIB).


The bank’s head of debt capital markets, Olivier Aartsen, said ABN AMRO aims to support multiple digital bond offerings in the future.


ABN Amro’s digital asset lead, Martijn Siebrand, added that using the ERC-3643 standard allowed the bank to embed compliance rules into digital bonds.“They can even seamlessly and compliantly interact with other applications on the public network thanks to native interoperability.”


Mainstream financial institutions are increasingly making use of blockchain technology to issue and manage digital bond offerings for a number of different use cases.


Siemens grabbed headlines in February 2023 as it launched a $64 million digital bond that drew direct investment from DekaBank, DZ Bank and Union Investment.


Meanwhile, the European Investment Bank issued a unique blockchain-based digital bond in June 2023 powered by environmentally incentivized node infrastructure. The 1 billion Swedish krona ($89.5 million) bond is set to offer a 3.638% fixed rate over two years to institutional investors.


The platform underpinning the EIB’s digital bond was developed in a joint project including Skandinaviska Enskilda Banken and Credit Agricole CIB. So|bond is intended to be used to issue, trade and settle bonds digitally.# Netherlands# Adoption# Digital# Tokens# Digital Asset# PolygonAdd reactionAdd reactionRead moreWhat is an atomic swap, and how does it work?Wyoming stablecoin: Are state digital currencies even possible?5 AI trends to look forward to in 2023 and beyond

News Feed

Coinbase CEO Brian Armstrong: AI ‘should have crypto wallets’
Tristan Greene7 hours agoCoinbase CEO Brian Armstrong: AI ‘should have crypto wallets’Armstrong’s statements come as Coinbase launches a $15K bot accelerator.1285 Total views3 Total sharesListen to article 0:00News
David Attlee11 hours agoBitpanda crypto exchange gets license in Norway amid European expansion bidBitpanda already holds a license in Austria, Germany, France, Czechia and Sweden.784 Total views4 Total sharesListen to a
David Attlee4 hours agoSBF claims innocence, contradicts other witnesses: Law DecodedSam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court.771 Total views4 Total sh
Report: Tanzania Closer to Launching a CBDC
Report: Tanzania Closer to Launching a CBDC Tanzania is getting closer to launching a central bank digital currency (CBDC) which gives the country’s residents a “safe
Derek Andersen3 hours agoVodafone, Sumitomo team up with Chainlink to explore trade documents networkVodafone’s Digital Asset Broker platform and Sumitomo have been working together since May on this proof-of-concept.1
Konami partners with Avalanche for Resella NFT platform launch
Ezra Reguerra4 hours agoKonami partners with Avalanche for Resella NFT platform launchKonami Digital Entertainment has teamed up with Avalanche to debut Resella, an intuitive NFT platform simplifying NFT creation, issuan
Greenpeace Unveils ‘Skull of Satoshi’ to Spark Debate Over Bitcoin’s Environmental Impact; Creator Clarifies It ‘Wasn’t Meant to Be Anti-Bitcoin’
Greenpeace Unveils "Skull of Satoshi" to Spark Debate Over Bitcoin"s Environmental Impact; Creator Clarifies It "Wasn"t Meant to Be Anti-Bitcoin" Greenpeace, the well known environ
India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report
India"s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report India is no longer planning to ban cryptocurrency, a cabinet note circulated by the
The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy
The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to
Red Alert For Solana: 21% Price Drop Raises Fears Of Further Collapse
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
While the Fed Monitors the ‘Ukraine Situation Closely,’ Powell Still Expects a Series of Quarter-Point Rate Hikes
While the Fed Monitors the "Ukraine Situation Closely," Powell Still Expects a Series of Quarter-Point Rate Hikes Federal Reserve chairman Jerome Powell still expects to see intere
Biggest Movers: ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend
Biggest Movers: ADA Hits All-Time Low on Friday, MATIC Extends Recent Downtrend Cardano fell to an all-time low on Friday, as sentiment in crypto markets remained bearish in today&