Fireblocks’ end-to-end tokenization platform technology | Enabling secure and efficient digital tokenized bond issuance

1 min read

ABN Amro became the first bank in the Netherlands to register a digital bond on the public blockchain, using Fireblocks. The digital bond was issued to a select group of investors to raise funds on behalf of APOC, an ABN Amro commercial client in the aerospace industry.

ABN Amro’s bond issuance sets an innovative precedent in bringing more real world use cases of blockchain technology to traditional financial markets. This initiative showcases the potential of new financing streams for commercial companies across all industries.

Edwin van Bommel

Edwin van Bommel

“This updated digital solution for providing our medium-sized and larger commercial clients with leveraged financing fills a gap between traditional bonds and crowdfunding. Thanks to the blockchain, it’s highly efficient and very client-friendly.”

Edwin van Bommel, Chief Strategy & Innovation Officer

It’s not just banks who have stepped up their adoption of blockchain technology – in October 2022, the Israel Ministry of Finance and Tel Aviv Stock Exchange issued a first-of-its-kind digital bond with Fireblocks.

How ABN Amro launched the first digital bond in Netherlands with Fireblocks and BitBond

ABN Amro collaborated with Fireblocks and BitBond on the issuance of APOC’s tokenized bond offering.

  1. The smart contract was developed by BitBond on the Stellar blockchain.
  2. ABN Amro then utilized Fireblocks’ end-to-end tokenization platform to securely mint/burn, and custody the token, as well as to simplify digital asset treasury management processes.
  3. Ownership of the bonds was recorded on the blockchain in the form of tokens that investors acquired after they had paid for the bond.

Michael Shaulov

“With the issuance and distribution of its first digital bond, ABN AMRO is setting a new bar for how traditional banks can better serve commercial clients using blockchain technology. Fireblocks is proud to support ABN AMRO with secure, highly-scalable foundational technology for the issuance of digital bonds.”

Michael Shaulov, CEO and co-Founder.

Summary

ABN Amro collaborated with Fireblocks and BitBond on issuing APOC’s tokenized bond offering. BitBond developed the smart contract on the Stellar blockchain. ABN Amro then utilized Fireblocks’ end-to-end tokenization platform to securely mint/burn, custody the token, and simplify digital asset treasury management processes. Ownership of the bonds was recorded on the blockchain in the form of tokens that investors acquired after they had paid for the bond. This article shows how Fireblocks is helping financial institutions to issue digital bonds securely and efficiently using its end-to-end tokenization platform technology.

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