The first Structured Product to be transacted and custodied using blockchain launched on Friday 16 March. The product, a GBP principal protected note linked to the FTSE 100 index, is registered, cleared and settled on the Ethereum blockchain.
Created by Marex Solutions, in partnership with Chartered Opus, the product uses the ResonanceX multi-issuer platform developed and connected to the blockchain by Nivaura to automate price discovery, issuance and administration. Allen & Overy is supporting with the legal documentation and, as a first in this space, the product has been executed within the FCA’s regulatory sandbox.
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