Blockchain note
A blockchain note means the issue of a structured financial product in the context of a blockchain.
Bearer bonds, also referred to as Structured Notes, are issued in the market and bought by investors. The corresponding product documentation, which builds the legal ground for the functionality of such a security, is deposited with a central securities depository such as Clearstream or Euroclear, in accordance with the current market standard. By using blockchain technology, the issuance process can be redesigned so that the role of the central securities depository is taken over by a (public) blockchain. In practice, there has been a lack of examples to demonstrate this possibility. Furthermore, it is questionable whether the handling of certificates can be really simplified by blockchain technology.
The world´s first certificate in a public blockchain was issued on 16 March 2018 under English law. The issue was carried out under the supervision of the Financial Conduct Authority as part of the FCA Sandbox approach. The issuer was the Luxembourg certificate platform Chartered Opus.[1][2][3]
References[edit]
- ↑ "Security Settles on Ethereum in Blockchain Post-Trade First". CoinDesk. 2018-03-16. Retrieved 2020-07-28.
- ↑ "Microsoft helps launch world's first blockchain-based investment product". Microsoft News Centre UK. 2018-03-21. Retrieved 2020-07-28.
- ↑ "Nivaura bringt Blockchain in die Geldanlage". www.dertreasurer.de (in Deutsch). Retrieved 2020-07-28.
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