European Investment Bank Distributes $121 Million in Ethereum-based Digital Bonds

European Investment Bank Distributes $121 Million in Ethereum-based Digital Bonds


The European Investment Bank (EIB), the investment bank owned by the EU Member States, has announced the issuance of the organization’s first-ever digital bond built on a public blockchain. The bond was issued using Ethereum and the issuance invoked $121 million two-year bonds placed with key market investors.

EIB Issues Digital Bonds Built With Ethereum Technology

The EIB, a not-for-profit organization and lending arm of the European Union announced on Wednesday that the bank has issued a new type of digital bond built using blockchain technology.

Trending: Frustrated Black Police Officer Defends Law Enforcement In Emotional Viral Video

On April 28, 2021, the EIB explained that the bank had also worked on the digital bond project with the financial institutions Goldman Sachs, Santander, and Societe Generale. The EIB also disclosed that the Banque de France participated and said “the payment of the issue monies from the underwriters to the EIB has been represented on the blockchain in the form of CBDC.”

“Innovation at the EIB goes beyond the projects we are

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend