Spanish bank BBVA issued first green bond, worth €35 million (approximately $40 million), on blockchain from insurance firm Mapfre

Briefing

February 21, 2019

Briefing	Green Bonds Blockchain – Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) launched first blockchain-based platform for structured green bonds on February 19, 2019 First Investor – Issued first green bond in platform from Spanish insurance firm Mapfre worth €35 million (approximately $40 million) which will be used to finance sustainable products Process Inclusion – Customers can negotiate bond structure and prices, as well as create documentation of bond on blockchain Blockchain Benefits – Include greater transparency, faster issuing times, traceability, and immutability of transactions
Accelerator	Web3 Ecosystems, Tokens and Consensus Mechanisms
Sector	Financial Services
Function	Accounting and Finance, Customer Experience and Service, IT Infrastructure
Organization	Banco Bilbao Vizcaya Argentaria (BBVA)
Source	"BBVA, among the 'World’s Most Admired Banks,’ according to Fortune magazine," BBVA, https://www.bbva.com/; Yakubowski, M., "Major Spanish bank BBVA issues $40 million green bond based on blockchain platform", The Cointelegraph, https://cointelegraph.com/; "BBVA issues blockchain-supported Green Bond," Finextra, https://www.finextra.com/; AcceleratingBiz analysis
Original Publication Date	February 19, 2019

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