Natixis Pfandbriefbank Issues Tokenized Bond on DekaBank’s Blockchain Network

IconCryptoNewsTerminal Staff29 Aug, 2024

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Natixis Pfandbriefbank Issues Tokenized Bond on DekaBank’s Blockchain Network

Natixis Pfandbriefbank, a global asset manager, has issued a €100 million digital collateralized bond using the tokenization network SWIAT, a distributed ledger technology (DLT) network launched by DekaBank. This marks a significant milestone in the adoption of blockchain technology within the financial sector. The tokenized bond, which is backed by a pool of underlying assets, offers a number of advantages over traditional bonds. These include increased transparency, reduced settlement times, and lower transaction costs. The use of blockchain technology also enhances security and provides a single, immutable record of all transactions. The issuance of this tokenized bond is the latest in a series of initiatives by Natixis Pfandbriefbank to explore the potential of blockchain technology. The company has previously participated in a number of blockchain projects, including the development of a digital asset custody platform. The issuance of this tokenized bond is a positive sign for the adoption of blockchain technology in the financial industry. As more companies begin to issue tokenized bonds, the market for these assets will grow and the technology will become more mainstream.

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