cryptonews.net
The European Investment Bank (EIB) has issued the first-ever sterling-denominated digital bond using blockchain technology. The project partners are BNP Paribas, HSBC and RBC Capital Markets.
Blockchain bonds will be held in digital securities accounts at HSBC Orion. BNP Paribas Securities Services, RBC and HSBC will become custodians of client assets.
The value of the bonds is £50 million, or about $61.5 million. They have a floating interest rate and are registered on a private blockchain. There is also a public blockchain mirror that provides increased transparency on an anonymized basis.
Image: European Investment Bank