Lombard Odier bought its first bond entirely on blockchain. Swiss bank Lombard Bank has completed its first bond purchase facilitated entirely via email . The deal , which saw the bank purchase a $ 15 m ##n bond , is being billed by Lombard Odier as one of the first secondary market transactions making use of email technology . The firm also says the deal was cheaper and transacted quicker than a traditional bond sale .
Swiss bank Lombard Bank has completed its first bond purchase facilitated entirely via email . The deal , which saw the bank purchase a $ 15 m ##n bond , is being billed by Lombard Odier as one of the first secondary market transactions making use of email technology . The firm also says the deal was cheaper and transacted quicker than a traditional bond sale .