ABN Amro Raises €5 Million Through Digital Green Bond Offering Using Ethereum Scaling Technology
Summary:
Dutch bank ABN Amro has raised €5 million through a digital green bond offering using Polygon's Ethereum scaling technology. The bond was issued as an ERC3643 token via Tokeny, supporting real estate investor Vesteda's green finance framework. ABN Amro aims to expand its digital bond offerings, joining the growing trend of mainstream financial institutions leveraging blockchain for bond issuance and management.
Dutch bank ABN Amro has raised €5 million through a digital green bond offering, leveraging Polygon's Ethereum scaling technology. The bond was issued as an ERC3643 token via Tokeny, enabling ABN AMRO to secure funding for real estate investor Vesteda's green assets. ABN AMRO utilized Fireblocks to manage private keys for the digital bond. The bank intends to support more digital bond offerings in the future, benefiting from the compliance rules embedded through the ERC3643 standard. This follows the trend of mainstream financial institutions using blockchain technology for digital bond issuance and management.
Published At
9/15/2023 10:55:31 AM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.