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EIB Issued First-ever €100 Million Digital Bond On Private Blockchain

According to a news statement released on November 29, the European Investment Bank (EIB) issued the first-ever euro-denominated €100 million digital bonds on a private blockchain-backed platform with tokenization assistance from Goldman Sachs.

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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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.