Bank Santander will offer customers loans backed by commodity tokens
A Spanish multinational bank is developing the possibility of providing loans secured by tokens of agricultural products. Banco Santander announced the creation of a system for providing loans secured by commodity tokens. The project is being developed jointly with the Argentine startup Agrotoken, which previously launched grain-backed tokens. Tokens allow manufacturers to make full-fledged transactions with goods. The bank has already carried out a test run of the system. Santander claims that this is the…
