European Investment Bank is issuing 2 year digital bonds on Ethereum

Discussion in 'Crypto Assets' started by krugman25, Apr 27, 2021.

  1. krugman25

    krugman25 Guest

    European Investment Bank is issuing 2 year digital bonds on Ethereum through Goldman, Santander, and Societe Generale.

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  2. SunTrader

    SunTrader

    Came across this also:-

    Why It Matters: This isn’t the first time the Ethereum blockchain has been used in the process of issuing a bond. In April 2019, Societe Generale SFH issued 100 million euros of covered bonds as a security token on the Ethereum blockchain.

    “This live transaction explores a more efficient process for bond issuances. It proposes a new standard for issuances and secondary market bond trading and reduces cost and the number of intermediaries.”, stated the bank in a press release.

    With the European Union’s investment arm issuing debt on Ethereum, market proponents viewed the development as a bullish catalyst for the network.

    In the eyes of the Ethereum community, including global macro investor Raoul Pal, the move was an acknowledgment of Ethereum as a legitimate financial infrastructure.
     
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  3. krugman25

    krugman25 Guest

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