In the Margins

First blockchain structured note offered

March 19, 2018

By Bloomberg

London-based Marex Solutions created what it says is the first structured product to be registered, cleared and settled using blockchain, the distributed ledger technology underpinning Bitcoin. The two-month pound-denominated notes pay a coupon of up to 13% per year based on the performance of the FTSE 100 Index, according to a term sheet. Marex declined to say how much was sold to retail investors in the private placement on Friday. Read the original story from Bloomberg.

 

 

Most Read

Viewpoints
Op-Ed: Whither valuation guidance?

The Securities and Exchange Commission should issue valuation guidance for investment companies. When I was chief counsel in the SEC's Division of Investment Management from 1997 ...