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Europe's Investment Bank Plans to Settle Bonds in Euros Using Blockchain: Report
The EU union's lending arm is reportedly readying a digital bond sale using blockchain technology.
The European Union’s lending wing is reportedly planning to trade, settle and sell digital bonds using blockchain technology.
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- According to a Tuesday Bloomberg report, the European Investment Bank (EIB) tasked Goldman Sachs, Banco Santander SA and Societe Generale AG with assessing the feasibility of settling and registering the bonds using the nascent tech.
- Bloomberg's unnamed source said initial investor meetings will commence April 15 and continue for "weeks." No date was given for the initial sale.
- The investment bank joins the growing club for state-backed blockchain bond issuance. Thailand’s central bank arrived last year with a government-saving bonds program totaling $1.6 billion.
- CoinDesk attempted to contact the EIB but did not get a response by press time.
See also: New Ethereum-Based Derivatives Trading Platform Wins EU’s MIFID License
Sebastian Sinclair
Sebastian Sinclair is the market and news reporter for CoinDesk operating in the South East Asia timezone. He has experience trading in the cryptocurrency markets, providing technical analysis and covering news developments affecting the movements on bitcoin and the industry as a whole. He currently holds no cryptocurrencies.
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