In the Margins
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.
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