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Case Study · Tokenized Bond Issuance

How a Tier-1 European bank issued a €100M tokenized bond in 9 weeks

A regulated universal bank used Blockops digital asset infrastructure and MPC custody to issue, settle, and report on a €100M tokenized bond — without rebuilding its core banking stack.

Client
Universal bank, ~€600B AUM (anonymized)
Industry
Financial Services
Region
EU (Frankfurt + Dublin)
Timeline
9 weeks from kick-off to bond settlement
Results

What we delivered

9 weeks
Issuance to mainnet
T+0
Settlement achieved
€100M
Bond size
−42%
Operational cost vs. legacy issuance
The problem

What the team was up against

Multi-day settlement

Existing bond issuance flows took T+2 with multiple intermediaries and reconciliation breaks across custodians.

Fragmented vendor stack

Five separate providers covered nodes, custody, reporting, and KYC — with no unified audit trail for regulators.

Regulatory pressure

MiCA and BaFin reporting demanded provable controls and exportable evidence per transaction.

The solution

How Blockops delivered

Issuance on regulated infrastructure

Bond contract deployed on a permissioned EVM network with private RPC clusters in-region.

MPC custody for treasury and reserves

Self-hosted MPC wallets with policy-based approvals replaced two custody vendors.

Auditor-ready reporting

Mission Control exported per-transaction evidence packs aligned to MiCA reporting.

Products used

Digital Asset InfrastructureMPC WalletsDedicated RPCMission Control
We replaced five vendors and shaved months off our issuance timeline. Our auditors got the evidence pack on day one.
Head of Digital Assets · Tier-1 European Bank

Want a similar outcome for your team?

Talk to a Blockops architect about applying this playbook to your financial services program.

Bring regulated products onchain —
with a partner who has done it

Talk to a Blockops architect about tokenization, settlement, and custody on infrastructure built for your compliance bar.

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