Bond issuance
Santander, bank, on Ethereum since September 2019.
The first bond issued, settled and redeemed end-to-end on public Ethereum. IMPORTANT: Santander issued it to itself, with no external investors, and it matured in December 2019. No repeat public-Ethereum issuance by Santander was found. Included as a documented milestone, not as evidence of a standing programme.
In the record
83
months from first observation to the record's assessment of August 2026
9
bank rows in the record, this one included
45
rows filed to Ethereum by their sources
What it bears on
R3Do we know what this instrument is, legally, in every venue we operate?
needs design
ETH is a digital commodity in the United States and stablecoin law is in force. Market-structure legislation stalled, and jurisdictions are diverging.
R6Who is the counterparty when there is no counterparty?
needs design
An ownerless system meeting procurement built for vendors. Six organisations can take your first call, and our own unincorporated status is part of this problem, not outside it.