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

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines