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European Investment Bank Issues Digital Bond on Ethereum Will Bond Tokenization Become the Norm?

European Investment Bank Issues Digital Bond on Ethereum. Will Bond Tokenization Become the Norm? This past week, the European Investment Bank (EIB) issued a €100 million digital bond offering on the Ethereum blockchain. The EIB worked with Goldman Sachs, Santander, and Societe Generale on the issuance along with the support of the Banque of France. Notably, the payment of the issue monies from the underwriters to the EIB has been represented on the blockchain in the form of a central bank digital currency (CBDC). The EIB states that it believes that the digitalization of capital markets may bring benefits to market participants, including a reduction of intermediaries and fixed costs, better market transparency through an increased capacity to see trading flows and identity asset owners, as well as a faster speed of settlement.  Much of the interest in the issuance, or tokenization of, securities via blockchain is due to the ability to remove intrinsic friction along with aff

European Investment Bank Digital Bond Sale on Ethereum to Drive Capital Market Evolution? – Bankless Times

European Investment Bank Digital Bond Sale on Ethereum to Drive Capital Market Evolution? The European Investment Bank’s (EIB) debut digital bond sale on the Ethereum blockchain network is the latest change modern technology brings to finance. It’s a €100m bond issuance that could encourage others to adopt similar technologies. Expected benefits include a reduction in intermediaries and fixed costs, better transparency through the increased ability to see trading flows and identify asset owners, and faster settlement speeds. Two industry participants share their thoughts on the significance of this development. Seamus Donoghue, VP Strategic Alliances at , digital asset infrastructure provider for financial institutions, commented: 

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