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Banking on the blockchain

26 January 2018

Last year saw an explosion in interest in blockchain infrastructure and how it might be employed in financial markets. This article provides an overview of the efficiencies gained by using this infrastructure for bond issuances, focusing on one case study.

Allen and Overy (A&O) recently supported fintech company Nivaura with the world’s first cryptocurrency denominated, blockchain settled bond for LuxDeco, an online retailer of luxury furniture. The transaction took place in A&O’s tech innovation space, Fuse, and was part of the Financial Conduct Authority’s regulatory sandbox, which allows businesses to test innovative products, services, business models and delivery mechanisms in the real market, with real consumers.

To access the article, which first appeared in the February 2018 issue of IFLR, please click here: Banking on the blockchain