Deployments · platform by Banco Santander

Santander end-to-end blockchain bond on Ethereum

A USD 20 million one-year bond that Banco Santander issued on public Ethereum in September 2019 and bought itself through a group unit. The cash leg and quarterly coupons were also tokenised so the purchase settled delivery-versus-payment on-chain. Santander redeemed it early in December 2019, showing a full bond lifecycle on a public chain.

Inactive · matured or redeemed since 10 Dec 2019^[2]i — Self-subscribed landmark issue with real value; redeemed early. · Reviewed 22d ago i

Assets

Debt security^[1]

One-year USD bond with a 1.98% quarterly coupon

Networks

Ethereum Public, permissionless^[1]

Use cases i

Primary issuance^[1]Delivery versus payment (DvP)^[1]

Jurisdictions

Spain

Participants

• Banco SantanderPlatform provider, Issuer, Investor, Distributor, Custodian, Operator^[1]Spain
• NivauraTechnology provider^[1]United Kingdom
• A&O ShearmanLegal or professional adviser^[1]United Kingdom

Likely relevant regulation i

• Central Securities Depositories Regulation (CSDR), Regulation (EU) No 909/2014European Union
• EU DLT Pilot RegimeEuropean Union

Assets

• IssuesBanco Santander USD 20m 1-year blockchain bond on Ethereum, 2019^[1]

Metrics i

• $20mBonds issued · as of Sep 2019^[1]

Timeline

1. Happened 10 Dec 2019 · Retired · recorded 11 Oct 2026
   Santander redeems the bond early and publishes the on-chain transactions.^[2]
2. Happened 12 Sep 2019 · Launch · recorded 11 Oct 2026
   Santander announces a USD 20 million one-year bond issued end to end on Ethereum.^[1]

Sources i