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Santander to use blockchain in capital markets business

Banco Santander has outlined plans to use blockchain and other technologies within its capital markets business. The bank expects that this use would change the way securities are issued, traded and settled. John Whelan, director of the bank’s blockchain lab, is leading a new ‘Digital Investment Banking’ team within Santander Corporate & Investment Banking. The aim is to ensure the bank is using the latest technologies, including exploring the use of tokenized securities in debt capital markets, derivatives and other products. Santander is a founding member of several consortia, including the Enterprise Ethereum Alliance, Alastria, and Utility Settlement Coin.

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