European Investment Bank utilizes a private blockchain to settle the “first ever” €100 million bond

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EuropeanInvestmentBank euro blockchain privateblockchain European Investment Bank utilizes a private blockchain to settle the “first ever” €100 million bond

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According to the press release distributed by the EIB, the bank launched Project Venus in collaboration with Goldman Sachs Bank Europe, Santander and Société Générale with the goal of issuing a euro-denominated digitally native bond using private blockchain technology. The bond bears a coupon rate of 2.57% per year with a maturity date of Nov. 29, 2024, and is governed by Luxembourger laws.

 

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