Dutch Banks Participate in Digital Commercial Paper Issuance

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Dutch banks ABN AMRO and Rabobank's participation in digital commercial paper issuance indicates a growing adoption of blockchain technology in the financial sector, potentially leading to more efficient and secure settlement processes.

According to Odaily, Dutch banks ABN AMRO and Rabobank have participated in the issuance of digital commercial paper. This paper was tokenized on Deutsche Börse's Clearstream D7 DLT platform. The transaction is part of the European Central Bank's distributed ledger technology experiment for wholesale settlement using central bank money. ABN AMRO has expressed a preference for issuing digital bonds on public blockchains, utilizing Ethereum, Stellar, and Polygon.

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