Banco Santander has announced that a new digital investment banking team will be formed within Santander Corporate & Investment Banking.
The team will be led by John Whelan, who is currently the director of Santander’s blockchain lab.
The bank plans to utilise blockchain and other new technologies to change how securities are issued, traded and settled.
The team will aim to explore the use of tokenised securities in debt capital markets, derivatives and other products.
José M Linares, Santander’s senior executive vice-president and global head of Santander Corporate & Investment Banking, said: “The wave of digitalisation that is occurring in the financial industry is accelerating.
“Our clients expect this to result in better solutions, lower costs and new categories of products and services that enable them to access capital markets more efficiently than ever before.
“We want to offer our clients what they expect from us.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Monese introduces student account
Monese has launched a student account for international and domestic students...
Tide secures £8m of funding
Tide has received £8m of new funding as it plans to move into its next stage of growth...
Starling Bank introduces personal loan products
Starling Bank has launched its first personal loan products offering up to £5,000...
Industry reacts to bank service league tables
Earlier this week, the Competition and Markets Authority (CMA) released the survey results ranking banks on their quality of service...
So you've signed up to the Women in Finance Charter – what now?
In July, it was revealed that 272 companies had signed up to HM Treasury’s Women in Finance Charter, covering over 760,000 financial services employees in the UK...
OakNorth completes its largest deal to date
OakNorth has completed its largest deal to date with a £40.2m property investment loan to Select Property Group...
Industry predicts the future of banking
Banking is forever evolving, with new entrants to the market and modern technology being introduced on a regular basis...
Triodos Bank provides £7m facility to First Choice Housing Association
Triodos Bank has provided £7m of funding to First Choice Housing Association (FCHA), which provides accommodation for vulnerable people across Wales and Shropshire...
The role of banks in the smart city
Smart city is a great buzzword. The term envisages a city where information and communication technologies like ‘the internet of things’ are connected to enhance the quality and performance of urban cities and thus urban living itself...
Tesco Bank offers cashback remortgage products
Tesco Bank has started offering customers cashback on a new range of remortgage products...
Handelsbanken ranks top for business current account service
Handelsbanken has topped the rankings of Great British SME current account providers, according to a survey ordered by the Competition and Markets Authority (CMA)...