BBVA & EIB: Signed a synthetic securitisation of €1 billion on blockchain

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BBVA & EIB: Signed a synthetic securitisation of €1 billion on blockchain

  • DLT platform developed by BBVA used to negotiate agreement from the origination to the signing and ensures traceability and immutability
  • Agreement is the first in the European Union and the third synthetic corporate loan securitisation signed by EIB and BBVA
  • Negotiation recorded on the private blockchain Hyperledger in hash or unique identifier of the signed agreement recorded on the public blockchain Ethereum
  • BBVA and EIB Group provided €360 million to finance investment projects of Spanish SMEs and midcaps
  • BBVA and Santander involved in the European Commission’s planned launch of the International Association for Trusted Blockchain Applications