Iberdrola, BBVA and Santander close €150M syndicated loan fully managed on DLT
- —Loan size was €150 million, with Iberdrola, BBVA and Santander participating
- —DLT covered the full lifecycle: disbursement, interest, waivers, repayment and transfer
- —The deal used an ioBuilders platform backed by BBVA and Santander
- —Participants plan to expand the platform and onboard new lenders
Why it matters: Major banks moving syndicated lending onto blockchain accelerates institutional adoption of DLT in traditional finance.
Source: TokenPost