EIB Issued First-ever €100 Million Digital Bond On Private Blockchain
The Banque de France and the Banque Centrale du Luxembourg both contributed to the endeavor to create a digital representation of euro central bank money.
The latter, together with Société Générale Luxembourg, also serves as the financial instrument’s on-chain custodians. The bond pays a coupon rate of 2.57% per year and has a maturity date of November 29, 2024. It is controlled by Luxembourger legislation.
The bond is the first cross-chain Delivery vs. Payment (DVP) settlement made with an experimental CBDC.
The EIB successfully issued the first digital euro bond on a public blockchain in April. The sale of the two-year €100 million digital bonds was led by Goldman Sachs, Banco Santander, and Société Générale.
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Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
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