Madrid – October 15, 2026 -- Iberdrola, BBVA and Santander have arranged a €150 million syndicated loan whose entire lifecycle is administered on distributed ledger technology (DLT), the first live syndicated facility to be run that way.

Platform handles every stage from execution to maturity

The facility covers execution, disbursement, interest, waivers, repayments, assignments and maturity on a single blockchain-based platform. ioBuilders developed the platform together with BBVA and Santander. Gómez-Acebo & Pombo acted as legal advisers.