European Debt Pioneer Trumpets Revolution Coming From Blockchain
- EIB applauds the benefits of digital-ledger technology
- EU investment bank sold world’s first syndicated digital bond
Mining rigs mine the Ethereum and Zilliqa cryptocurrencies at a crypto farm in Cluj-Napoca, Romania.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
For the European Union’s investment arm, blockchain could prove a game-changer, bringing about a transformation of debt market processes with echoes of the revolution ushered in by the World Wide Web.
“The technology is revolutionary,” said Richard Teichmeister, head of funding at the European Investment Bank. “This is a bit like the development of the internet and someone just sent the first email.”