ABN Amro has made history as the first Dutch bank to register a digital green bond on a public blockchain.
The entire process of preparing, placing, and documenting the bond was conducted digitally, allowing Vesteda to raise EUR 5 million from DekaBank. Ownership of the bond was recorded on the blockchain through tokens that investors received upon payment. To ensure the security and custody of investors’ unique keys, ABN Amro utilized a wallet for accessing the digital bond and provided digital custody services.
Previously, ABN Amro registered a digital bond for a Midcorp client on the public blockchain and purchased a digital bond from the European Investment Bank for resale. Olivier Aartsen, head of debt capital markets at ABN Amro, stated, “We will continue to advise other clients and investors in this area and aim to further support multiple digital bond issuances in the future.”