Real Examples of European Institutions Using Public Blockchains

Some big European companies have made major strides in adopting blockchain technology


T.Schneider/Shutterstock modified by Blockworks


For a while now, European institutions have been showing signs of significant participation in the blockchain industry, demonstrating its range and impact on traditional finance.

Banks and other major players have clearly paid attention to increased institutional demand for digital assets and built products accordingly. Blockchain’s potential to revolutionize the way the world does business is being recognized.

European institutions are focusing on custody to digital finance strategy and tokenization — often outstripping the US for development and adoption.

Below is a look at some initiatives by European financial institutions that demonstrate the blockchain space is maturing:

Societe Generale

France’s third biggest bank Societe Generale deployed the Ethereum contract for a euro-pegged stablecoin, EUR CoinVertible (EURCV), on April 20. 

The bank’s blockchain-focused subsidiary, Societe Generale-Forge said the new stablecoin will only be made available to institutional investors who are vetted through know your customer and anti-money laundering checks.

EURCV will also be compliant with the Basel Committee’s prudential treatment of crypto asset exposures, which likely makes this offering robust in the eyes of European regulators.

European Investment Bank

European Investment Bank (EIB) launched its first sterling-denominated digital bond on Ethereum earlier this year.

The EIB is the primary lender of the European Union, and its blockchain undertaking represents significant affirmation on behalf of the bloc.

This move was followed by the EIB’s previous sales of euro-denominated digital bonds on Ethereum in 2021.

Deutsche Börse

German multinational Deutsche Börse in February chose Google Cloud to support its digital securities platform D7, which has an institutional-grade offering. It eventually intends to support “multiple blockchains and protocols.”


German engineering titan Siemens in February issued a $65 million one-year bond on Polygon, in accordance with the country’s Electronic Securities Act.

DekaBank, DZ Bank and Union Investment are among investors in the digital bond. 


In January, Dutch bank ABN AMRO used the Stellar blockchain to issue a $492,000 bond on behalf of an aircraft parts company. 

The bank partnered with tokenization firm Bitbond and Fireblocks to facilitate custody.


While not a public blockchain, UBS issued a $370 million bond on the SIX Digital Exchange blockchain platform, geared towards regulated tokenized offerings. 

The bond was also sold on the Six Swiss exchange. The three-year bond carries a 2.33% coupon.

Investors could choose to clear the bond on either SDX or on SIX.

BNP Paribas

In July last year, BNP Paribas tokenized a bond to fund a solar energy project under French utility giant EDF using Ethereum.

The move enabled investments of smaller amounts, enabling the development of smaller renewable energy projects.

Banco Santander

In Sept. 2019, Spanish bank Banco Santander issued itself a $20 million bond, which it said was the first end-to-end blockchain on the Ethereum mainnet. The bond matured in a year, paying 1.98% returns every quarter.

More recently, the bank is reportedly testing a blockchain-based tokenization platform to transfer car ownership of used cars in Brazil.


JPMorgan is not to be left behind. The US banking giant executed trials for foreign transactions in November, using Aave and Uniswap as directed by Singapore’s central bank.

Although, the trial wasn’t technically for the benefit of the US. The trade was part of the Monetary Authority of Singapore’s Project Guardian pilot, which aims to explore DeFi applications.

Get the day’s top crypto news and insights delivered to your email every evening. Subscribe to Blockworks’ free newsletter now.

Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can’t-miss tweets and more from Blockworks Research’s Daily Debrief.

Can’t wait? Get our news the fastest way possible. Join us on Telegram and follow us on Google News.


upcoming event

MON - WED, MARCH 18 - 20, 2024

Digital Asset Summit (DAS) is returning March 2024. This year’s event will be held in our nation’s capital, where industry leaders, policymakers, and institutional experts will come together to discuss the latest developments and challenges in the ever-evolving world of cryptocurrency. […]

upcoming event

MON - WED, SEPT. 11 - 13, 2023

2022 was a meme.Skeptics danced, believers believed.Eventually, newcomers turned away, drained of liquidity and hope.Now, the tide is shifting and it’s time to rebuild. Permissionless II is the brainchild of Blockworks and Bankless. It’s not just a conference, but a call […]

recent research

Sequencers: The Key to The Rollup Investment Thesis


Sequencers are one of the most explicit mechanisms in crypto for creating sustainable DAO-controlled revenue.



The SEC takes on the two biggest players in crypto within 24 hours


The SEC just sued Binance over alleged securities violations — now, the agency is coming for top US crypto exchange Coinbase


Binance’s ability to handle large outflows is once again tested as the market reckons with a fresh set of SEC allegations


Cboe Digital has CFTC permission to provide clearing services for margin trade on crypto futures at a time when regulators are closing in


The former part owner of the Minnesota Vikings misled a number of banks to process hundreds of millions of dollars of illicit crypto transactions


“We do not want to be regulated ever,” the SEC quotes an unnamed Binance CCO in lawsuit