Credit Agricole and Skandinaviska Enskilda Banken Unveil Blockchain Bond Issuing and Trading Platform
The French and Swedish banks have announced the official debut of a Blockchain-based bond platform. The system will reportedly enable users to make trades, issue, and settle digital bonds.
This enterprise is a collaboration between Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank. According to a statement made on April 3, 2023, this network will utilize the “Proof of climate awareness” protocol, which could assist in minimizing the carbon footprint.
Credit Agricole’s chief of innovation and digital transformation, Romaric Rolleti, added, “The platform’s creative strategy, both to the blockchain network and to the securities market, correlates with our robust dedication to green and environmentally friendly finance at the core of our Societal Project.” This initiative could also play with smart contracts, blockchain, and the Internet of Things (IoT).