Spanish Bank BBVA, Madrid Govt Close Blockchain-Powered Sustainable Schuldschein Loan
Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) has closed a blockchain-powered sustainable “Schuldschein” loan for the Madrid government.
Structured as per the German debt instrument, the deal is worth €220 million and will be allocated to sustainable projects. The deal was negotiated using blockchain technology,
