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

Top of the Agenda - Regulatory
In-person voting relief extended through year-end

Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...

Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...