SEB and Credit Agricole Launch Green Bond Platform on Blockchain

SEB (Skandinaviska Enskilda Banken) and Credit Agricole Bank have launched a digital bond platform called so|bond, built on blockchain technology. The platform will allow institutional clients to issue, trade and settle bonds digitally, making the process more efficient and secure. The platform will use a validation protocol called Proof of Climate awaReness, minimizing its environmental impact. Each node will be remunerated according to its environmental impact. The platform is the first use case for the protocol, which was developed by the French IT provider Finaxys.