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Security Token Market

Banco Santander - 20M USD Token

BNC20M

Banco Santander - 20M USD logo

The Raise Total

$20,000,000

Price Per Token

$1

Raise Start

September 10, 2019

Minimum Investment

$1

https://www.santander.com/en/home

Banco Santander issued a bond directly onto the blockchain and is itself the issuer of the $20 million bond, while one of the Group’s units purchased the bond at market price. The bond carries a quarterly coupon of 1.98%. Santander Securities Services is acting as tokenization agent and custodian of the cryptographic keys. Santander Corporate and Investment Banking (CIB), the bank’s global division that supports corporate and institutional clients, acted as dealer for the issuance, continuing the work which started in Santander’s blockchain lab in 2016.
Financial Services Closed Fixed Income International Accredited

Terms

Fundraise Information

Total Raise $20,000,000 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $1 USD
Accepted Investors International Accredited
Exemptions TBA
Instrument Bond
Token Issuance Info Institutional Transaction

Token Information

Price Per (BNC20M) $1
Token Issuance Platform Nivaura
Secondary Marketplace Nivaura
Blockchains Available On Ethereum
Security Type Fixed Income
Asset Class Debt
Ratings -
Token Rights 1.98% Quarterly Coupon

About

Overview

Banco Santander issued a bond directly onto the blockchain and is itself the issuer of the $20 million bond, while one of the Group’s units purchased the bond at market price.

Issuer(s): Banco Santander
Date: 9/10/2019
Country: Spain
Size (USD): $20M
Length: 1 Year
Coupon: 1.98% Quarterly Coupon

Santander Securities Services is acting as tokenization agent and custodian of the cryptographic keys. Santander Corporate and Investment Banking (CIB), the bank’s global division that supports corporate and institutional clients, acted as dealer for the issuance, continuing the work which started in Santander’s blockchain lab in 2016.

Highlights

This listing is for informational purposes only, highlighting the issuance information. Trading data is currently unavailable

This token has reached maturity

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