KBC Bank in Belgium has used blockchain technology to improve its crowdfunding product, Bolero, and support the tokenization of bonds. The use of blockchain technology can increase efficiency for small-scale bond issuances on the Bolero platform. In this case, smart contracts are responsible for financing, interest payments, and principal repayments. In addition, both the bonds and cash are based on blockchain, thus supporting atomic settlement. Steven Van de Sype, Bolero's Director of Business, said, "We have incorporated blockchain technology into the Bolero crowdfunding platform as part of our optimization strategy, benefiting entrepreneurs and investors alike."