News
Dedge and ioBuilders Alongside Iberdrola, BBVA, and Santander
Dedge and ioBuilders Alongside Iberdrola, BBVA, and Santander
Securing the First Syndicated Financing Managed Entirely on Blockchain: Dedge and ioBuilders Alongside Iberdrola, BBVA, and Santander
A landmark milestone for the financial sector, DLT technology, and digital asset cybersecurity: Iberdrola, BBVA, and Banco Santander have executed the first real syndicated financing managed entirely on blockchain, a landmark €150 million transaction.
At Dedge Security, we are proud to have contributed alongside ioBuilders, providing a specialized cybersecurity layer for DLT environments, natively integrated into the development of an infrastructure built to support real-world financial operations at an institutional scale.
From Proof-of-Concept to a Real-World €150 Million Operation
Syndicated facilities represent one of the most complex instruments in corporate banking, requiring coordination across multiple lending institutions, administrative agents, intricate payment schedules, and substantial capital flows. Traditionally, synchronizing these parties involved redundant manual steps and prolonged reconciliation timelines.
The infrastructure engineered by ioBuilders utilizes enterprise-grade distributed ledger technology with granular, privacy-preserving capabilities, automating debt lifecycle management while strictly enforcing bilateral confidentiality. Moving a live €150 million syndicated facility entirely onto a distributed ledger requires uncompromising cryptographic integrity and operational resilience.
Specialized Security by Design: Building Institutional Trust
Beyond the technical execution of this transaction, one core principle defined this initiative: specialized cybersecurity was recognized from the project’s early stages as an indispensable component to build the resilience, maturity, and trust required by Tier-1 financial institutions.
Institutional Web3 security cannot rely on retroactive, one-off audits conducted right before launch. It demands a proactive, continuous security posture embedded directly into the engineering lifecycle:
Safeguarding DLT Business Logic: In institutional networks running declarative smart contract languages and federated privacy models (such as DAML and Canton), critical attack vectors do not mirror conventional consumer Web3 bugs. Instead, they stem from configuration discrepancies, incorrect maintainer specifications, authorization scope mismatches, and multi-party disclosure policies.
Native DevSecOps Integration: Dedge’s specialized layer integrates seamlessly into the continuous delivery pipeline, automatically scanning code repositories, analyzing logic consistency, and flagging misconfigurations before contracts ever deploy to live environments.
Regulatory Readiness and Operational Resilience: Full alignment with stringent financial frameworks, including Europe’s Digital Operational Resilience Act (DORA), ensuring auditability, governance controls, and infrastructure durability.
This milestone demonstrates the increasingly decisive role that specialized, proactive cybersecurity plays in accelerating mainstream institutional adoption of distributed ledger technologies.
Official Press Releases and Coverage
Securing the First Syndicated Financing Managed Entirely on Blockchain: Dedge and ioBuilders Alongside Iberdrola, BBVA, and Santander
A landmark milestone for the financial sector, DLT technology, and digital asset cybersecurity: Iberdrola, BBVA, and Banco Santander have executed the first real syndicated financing managed entirely on blockchain, a landmark €150 million transaction.
At Dedge Security, we are proud to have contributed alongside ioBuilders, providing a specialized cybersecurity layer for DLT environments, natively integrated into the development of an infrastructure built to support real-world financial operations at an institutional scale.
From Proof-of-Concept to a Real-World €150 Million Operation
Syndicated facilities represent one of the most complex instruments in corporate banking, requiring coordination across multiple lending institutions, administrative agents, intricate payment schedules, and substantial capital flows. Traditionally, synchronizing these parties involved redundant manual steps and prolonged reconciliation timelines.
The infrastructure engineered by ioBuilders utilizes enterprise-grade distributed ledger technology with granular, privacy-preserving capabilities, automating debt lifecycle management while strictly enforcing bilateral confidentiality. Moving a live €150 million syndicated facility entirely onto a distributed ledger requires uncompromising cryptographic integrity and operational resilience.
Specialized Security by Design: Building Institutional Trust
Beyond the technical execution of this transaction, one core principle defined this initiative: specialized cybersecurity was recognized from the project’s early stages as an indispensable component to build the resilience, maturity, and trust required by Tier-1 financial institutions.
Institutional Web3 security cannot rely on retroactive, one-off audits conducted right before launch. It demands a proactive, continuous security posture embedded directly into the engineering lifecycle:
Safeguarding DLT Business Logic: In institutional networks running declarative smart contract languages and federated privacy models (such as DAML and Canton), critical attack vectors do not mirror conventional consumer Web3 bugs. Instead, they stem from configuration discrepancies, incorrect maintainer specifications, authorization scope mismatches, and multi-party disclosure policies.
Native DevSecOps Integration: Dedge’s specialized layer integrates seamlessly into the continuous delivery pipeline, automatically scanning code repositories, analyzing logic consistency, and flagging misconfigurations before contracts ever deploy to live environments.
Regulatory Readiness and Operational Resilience: Full alignment with stringent financial frameworks, including Europe’s Digital Operational Resilience Act (DORA), ensuring auditability, governance controls, and infrastructure durability.
This milestone demonstrates the increasingly decisive role that specialized, proactive cybersecurity plays in accelerating mainstream institutional adoption of distributed ledger technologies.
Official Press Releases and Coverage
Announcement
Dedge Security Joins LF Decentralized Trust to Advance Web3 Security
Dedge, the first ASPM platform for Web3, has raised a €4 million Seed round to accelerate the scaling of our technology, grow our team, and continue pushing the boundaries of what Web3 security can be.
Announcement
Dedge Security Joins LF Decentralized Trust to Advance Web3 Security
Dedge, the first ASPM platform for Web3, has raised a €4 million Seed round to accelerate the scaling of our technology, grow our team, and continue pushing the boundaries of what Web3 security can be.
Product-focused Web3 security. Discover a powerful, enterprise-ready platform that combines real-time monitoring, risk detection, and adaptive defense—all tailored for decentralized environments.
Product-focused Web3 security. Discover a powerful, enterprise-ready platform that combines real-time monitoring, risk detection, and adaptive defense—all tailored for decentralized environments.