EIB hires Goldman Sachs Group Inc., Banco Santander SA and Societe Generale AG to explore a digital bond using blockchain technology
Luxembourg, April 13, 2021 /AlexaBlockchain/ – The European Union’s investment arm EIB (European Investment Bank) is planning to issue digital bonds by leveraging blockchain technology, Bloomberg reports.
- The EIB has reportedly hired Goldman Sachs Group Inc., Banco Santander SA and Societe Generale AG to explore a so-called digital bond in euros, which would be registered and settled using blockchain technology.
- The EIB has often been at the forefront of innovation in Europe’s debt capital markets, being among the first to issue green and sustainability bonds, as well as debt benchmarked against a new euro short-term rate called ESTR.
- The move comes after European Central Bank President Christine Lagarde said the institution she leads could launch a digital currency around the middle of this decade.