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Major Spanish Bank BBVA Issues $40 Million Green Bond Based on Blockchain Platform

Published 20/02/2019, 12:06 am
Major Spanish Bank BBVA Issues $40 Million Green Bond Based on Blockchain Platform
BBVA
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Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA (MC:BBVA)), has announced the launch of the first blockchain-backed platform for structured green bonds. The news was announced in a press release published on Feb. 19.

BBVA has closed the deal with Spanish insurance house Mapfre, which has invested €35 million (approximately $40 million) to finance sustainable products. To close this deal, BBVA has “issued the first structured green bond using blockchain technology to negotiate the terms and conditions,” the press release states.

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