IDB issues blockchain bonds in Spain

IDB issues blockchain bonds in Spain

Corporate & Sovereign Strategy International Financial Institutions Inter-American Development Bank (IDB) IDB Invest Bonds Debt Fixed Income Capital Markets Technology Digital Payments Spain Latin America Caribbean United States

The Inter-American Development Bank (IDB) said it has issued the first bonds with blockchain technology in Spain alongside local bank BBVA and the Iberclear subsidiary of Bolsas Mercados Españoles (BME) in Madrid. "This platform opens the door for similar bond issues in Spain and Latin America and the Caribbean," the IDB said in a press release on Tuesday. The IDB, BBVA and Iberclear have been working on the transaction since February this year with blockchain technology developed by local IT se

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