Iberdrola, BBVA, Santander Close €150M Loan Fully on Blockchain
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.
The platform also manages interest calculation and notification, principal and fee payments, early repayments, monitoring of financial covenants and information undertakings, certain contractual consents, and transfers of participations between lenders. Authorised participants see all events in real time. The agent bank retains operational control of the financing.