Sberbank Completes First Blockchain-Enabled Commercial Bonds Transaction in Russia
Cointelegraph
Published May 16, 2018 10:15PM ET
Updated May 16, 2018 11:32PM ET
Sberbank Completes First Blockchain-Enabled Commercial Bonds Transaction in Russia
Sberbank CIB, the corporate and investment banking business of Russia’s largest bank Sberbank, conducted the first blockchain-based commercial bond transaction in Russia, according to a Sberbank announcement May 16. The transaction was completed in partnership with MTS, a leading Russian telecoms operator, and the National Settlement Depository (NSD).
Sberbank CIB organized the issue of MTS corporate bonds for the value of RUB 750 bln ($12 mln) with 6-month maturity, using smart contracts. The transaction was carried out on the Hyperledger Fabric 1.1-based blockchain platform provided by the NSD.
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