Spain's Banco Santander To Use Blockchain For Capital Markets Business

Spain’s Banco Santander To Use Blockchain For Capital Markets Business

Cryptocurrency Blockchain

Spain's Banco Santander To Use Blockchain For Capital Markets Business

  • Spanish banking group Banco Santander plans to use blockchain and other new technologies within its capital markets business to change how securities are issued, traded, and settled.
  • The bank will explore the use of tokenized securities in debt capital markets, derivatives, and other products.

 

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Spain's Banco Santander To Use Blockchain For Capital Markets Business

Crypto At A glance Spain's Banco Santander Spanish managing an account assemble Banco Santander intends to utilize blockchain and other new innovations inside its capital markets business to change how securities are issued, exchanged, and settled.

The bank will investigate the utilization of tokenized securities in the red capital markets, subordinates, and different items.

With this, the bank hopes to give its customers better arrangements, bring down expenses and new classes of items and administrations that empower them to get to capital markets all the more proficiently.

Santander is assuming a main part in the utilization of blockchain innovation inside money related administrations in its own specific manner after it quit R3 consortium's ambushed DLT venture in 2016.

Prior in the month, a consortium of nine European banks, including Banco Santander, had effectively finished the principal ongoing business cross-outskirt exchanges on another computerized blockchain stage we.trade.

In mid-April, the bank propelled the principal blockchain-based universal cash exchange benefit called "One Pay FX" crosswise over four nations, Spain, UK, Brazil and Poland, to help retail clients finish global exchanges around the same time as a rule or by the following day.

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