The European Union’s lending wing is reportedly planning to trade, settle and sell digital bonds employing blockchain technology.
In line with an official update earlier today on Tuesday by Bloomberg, the EIB [European Investment Bank] tasked Goldman Sachs, Banco Santander SA, and Societe Generale AG with assessing the feasibility of settling & registering the bonds using the nascent tech.
Bloomberg’s anonymous source added that initial investor meetings will commence on 15th April and continue for “weeks.” No date was given for the initial sale.
The investment bank joins the growing club for state-backed blockchain bond issuance.
Thailand’s financial institution arrived last year with a government-saving bonds program sums to $1.6 Bln.