Potrivit unui nou comunicatul de presă on Nov. 29, the European Investment Bank, or EIB, issued a first-ever euro-denominated €100 million digital bond on a private blockchain-underpinned platform with tokenization help from Goldman Sachs.
The latter, along with Société Générale Luxembourg, also act as the on-chain custodians for the financial instrument. The bond bears interest at a coupon rate of 2.57% per year with a maturity date of Nov. 29, 2024, and is governed by Luxembourger laws.
Banque de France and the Banque Centrale du Luxembourg participated in the project to provide a digital representation of euro central bank money. The EIB says that “the transaction paves the way for future on-chain derivative solutions, by using the first interest rate swap hedge represented through the industry-developed common domain model.”
In addition, the bond represents the “first cross-chain Delivery vs. Payment (DVP) settlement using an experimental CBDC [Central Bank Digital Currency] token.”
Last April, the EIB emis cu succes the first digital euro bond on a public blockchain. Goldman Sachs, Banco Santander, and Société Générale led the sale of the two-year €100 million digital bond. Regarding today’s novel digital bond issuance on a private blockchain, Ricardo Mourinho Félix, EIB’s Vice President, commented:
„Blockchain are potențialul de a perturba o gamă largă de sectoare. Acesta joacă un rol central în succesul tranzițiilor verzi și digitale ale Europei și întărește suveranitatea noastră tehnologică. Inovația face parte din identitatea BEI, iar emiterea acestei obligațiuni complet digitale este un alt pas important pentru a ajuta la dezvoltarea unui ecosistem complet digital.”
Source: https://cointelegraph.com/news/eib-settles-100-million-digital-bond-on-private-blockchain