Sweden and Francetwo banks from blockchain technologya new digital launched the bond platform.
The momentum is increasing in the moves of traditional financial products towards blockchain and digital asset technology. Many banks on a global scale are conducting research to take advantage of the speed and stability of blockchain.
SwedenAnd FranceSkandinaviska Enskilda Banken ( SEB) and Credit Agricole Bank ( CAB), a new blockchain platform has been revealed.
Blockchain Move from Two European Banks
Swedenbased bank Skandinaviska Enskilda Banken ( SEB) and France-based bank Credit Agricole Bank ( CAB) in partnership with blockchain platformmade its launch.
The blockchain platform, launched with the partnership of the two banks, will act for the purpose of sustainable digital bonds. Platform, “Proof of Climate”It represents the first use case of the blockchain protocol, called
this platform will make it easier for institutional clients to issue bonds digitally. In addition, the exchange and payment of these bonds will be facilitated, bringing efficiency to traditional methods. According to the statements, this emerging blockchain platform, “Proof of Climate awaReness”a verification system plans to use and minimize environmental usage burdens.
Credit Agricolehead of innovation and digital transformation at Romaric Rolletthinks that this blockchain platform will have an important place in the transformation of traditional finance into digital. rollet, also the following;
“The platform’s innovative approach to both blockchain infrastructure and the securities market is combined with a strong commitment to green and sustainable finance, which is at the heart of our Community Project.”
