& PEP session organised by the Techinical Committee
Location: Van der Valk – Breukelen
Register via https://dact.nl/5651-2/
15:00 – 15:45 General Assembly
16:00 – 17:00 Two parallel sessions organised by the DACT Techinical Committee
Session 1: Tokenization of bonds
The blockchain is a form of distributed ledger technology (DLT), which, in short, is an innovative technological infrastructure that allows multiple parties to view and interact with one common database. Amongst many potential applications, DLT has been viewed in the eyes of financial markets participants as groundbreaking technology to innovate the industry. Currently, financial markets is flooded with intermediaries, manual processes and siloed information. With one commonly held ledger, market participants can easily share information and automate process flows, leading to operational efficiencies, disintermediation and lower barriers to access non-bank capital.
ABN AMRO has become the first bank in the Netherlands to register a digital bond on the public blockchain on behalf of a client. Issued to a select group of investors, APOC was able to raise EUR 450k in its first successful attempt to tap the capital markets. Majority of the process including, but not limited to, preparing, placing and documenting the bond was handled digitally. Ownership is recorded on the blockchain in the form of tokens, which represent the legal obligation of the issuing party.
Speakers: Brenner London, Associate, ABN Amro & David de Weerd, ABN Amro
Session 2: The subject of this PEP session will be announced soon.