Sberbank completes Russia's first bond transaction using blockchain

posted 4 days ago
Russian bank Sberbank and telecoms firm MTS have conducted what they say is the country's first commercial bond transaction made using blockchain.

MTS announced Tuesday that it had placed commercial bonds of 750 million rubles ($12.11 million), with the primary buyer being Sberbank, using a proprietary blockchain platform provided by the National Settlement Depository.

Andrey Kamensky, VP of finance, investments and M&A at MTS, commented that the successful blockchain transaction was carried out through "the entire settlement chain, from security placement and cash receipt to fulfillment of all obligations to the investor."
Tags: blockchain, news