Spanish banking group Banco Santander plans to use blockchain and other new technologies within its capital markets business to change how securities are issued, traded, and settled.
The bank will explore the use of tokenized securities in debt capital markets, derivatives, and other products.
With this, the bank expects to provide its clients better solutions, lower costs and new categories of products and services that enable them to access capital markets more efficiently.
Santander is playing a leading role in the application of blockchain technology within financial services in its own way after it opted out of R3 consortium's beleaguered DLT project in 2016.
Earlier in the month, a consortium of nine European banks, including Banco Santander, had successfully completed the first real time commercial cross-border trades on a new digital blockchain platform we.trade.
In mid-April, the bank launched the first blockchain-based international money transfer service called "One Pay FX" across four countries, Spain, UK, Brazil and Poland, to help retail customers complete international transfers on the same day in many cases or by the next day.
The One Pay FX service uses xCurrent, a technology based on distributed ledgers owned by California-based Ripple.
Santander is also a founding member of several consortia, including Enterprise Ethereum Alliance, Alastria, we.trade and Utility Settlement Coin.
Additionally, the bank completed a first practical use of blockchain at its annual general meeting on March 23, becoming the first company to use it for investor voting.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.