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Banking on the blockchain

Interest in blockchain infrastructure and how it might be employed in financial markets continues to rise. This publication provides an overview of the efficiencies gained by using this infrastructure for bond issuances, focusing on one case study.

Our experience of this area of technology has grown as the market has matured, and we are pleased to be in the forefront of a number of industry 'firsts', particularly in the field of tokenised securities issuance.

Allen & Overy 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.

The full article was originally published in IFLR.

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