EU’s Investment Bank Poised to Deploy Blockchain for Bond Sale
- EIB hires investment banks to explore a potential deal
- Blockchain use is still far from mainstream in debt markets
European national flags outside European Investment Bank (EIB) West building in Luxembourg earlier in March.
Photographer: Olivier Matthys/BloombergThis article is for subscribers only.
The European Investment Bank plans to harness the power of blockchain to sell bonds, potentially boosting use of the digital-ledger technology as a tool for the region’s debt market.
The European Union’s investment arm 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, according to information from a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it.