In Europe, a digital bond was issued, in which several investors can invest at once
EIB launches a new digital finance instrument
The European Investment Bank (EIB) just announced its plans to join the ranks of early digital adopters. Earlier last week the institution revealed its plans to launch its first sterling-denominated digital bond on a private blockchain. The project would be developed in cooperation with BNP Paribas, HSBC and RBC Capital Markets.
According to information released by a EIB spokesperson, the 50 million pound ($61.60 million), floating-rate bond was registered in a private blockchain while a public blockchain mirror record would provide increased transparency on an anonymised basis.
The bank already comes with experience. Earlier it already launched its euro-denominated digital bonds.
Among the reasons for undertaking the initiative, the bank cites additional capital flow that the EIB will invest in projects with global impact.
