Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 216

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 216
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 in 2024, Santander along with 41 other financial institutions joined Project Agora under the Bank for International Settlements to reimagine correspondent banking and cross border payments through the lens of tokenization. Final reports and technology proof-of-concept is expected by later 2025.

Santander has also joined other industry groups such as the Regulated Liability Network (RLN), contributing to the global debate on the future of money.

#### 11.4.2.3. Crypto
Santander Private Banking International, a division of Banco Santander, is offering its clients the opportunity to trade and invest Bitcoin (and other cryptocurrencies) in Switzerland. The service is available only upon client request and operated via relationship managers. Santander Private Banking International is open to extend its cryptocurrency offerings, as the trend of holding crypto as an alternative asset class grows and clients are increasingly looking to rely on established financial institutions for holding crypto assets.

Santander is not currently offering any services to clients in the EU under MiCA. Although this may change in the future.

|   |     | Table 104.CAE1 - Exposures to crypto-assets                                                |     |                |     |                                        |     |                        |     |      |
|   |     | EUR million                                                                                |     |                |     |                                        |     |                        |     |      |
|   |     |                                                                                            |     |                |     |                                        |     |                        |     | 2024 |
|   |     |                                                                                            |     | Exposure value |     | Risk weighted exposures amounts (RWEA) |     | Own funds requirements |     |      |
|   |     | Type of exposures                                                                          |     |              a |     |                                      b |     |                      c |     |      |
| 1 |     | Tokenised traditional assets                                                               |     |              0 |     |                                      0 |     |                      0 |     |      |
| 2 |     | Asset referenced tokens                                                                    |     |              0 |     |                                      0 |     |                      0 |     |      |
| 3 |     | Exposures to other crypto assets                                                           |     |              0 |     |                                      0 |     |                      0 |     |      |
| 4 |     | Total                                                                                      |     |              0 |     |                                      0 |     |                      0 |     |      |
|   |     | Memorandum item                                                                            |     |