Crédit Agricole CIB, the French agricultural credit bank, announced that it has cooperated with the Nordic corporate bank SEB to launch a sustainable and open digital bond platform “so|bond” based on blockchain technology.
Enable capital market issuers to issue digital bonds on the blockchain network and raise funds and manage securities through smart contracts, leveraging decentralized and efficient infrastructure to modernize and digitize the banking and financial services sector.
It is reported that the platform’s open, transparent and secure model also promotes trust among market participants and allows for further innovations, such as the use of future central bank digital currencies (CBDC).