European Investment Bank reportedly to issue bonds with blockchain tech
The EIB has reportedly hired banks like Goldman Sachs and Societe Generale to explore a digital bond, registered and settled via blockchain. The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds.According to a Tuesday Bloomberg report, the EIB has hired major global banks like Goldman Sachs, Banco Santander and Societe Generale to look at a potential deal involving a euro-denominated bond issued on a blockchain. Citing a person familiar with the matter, Bloomberg....
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The European Investment Bank (EIB), the investment bank owned by the EU Member States, has announced the issuance of the organization’s first-ever digital bond built on a public blockchain. The bond was issued using Ethereum and the issuance invoked $121 million two-year bonds placed with key market investors. EIB Issues Digital Bonds Built With Ethereum Technology The EIB, a not-for-profit organization and lending arm of the European Union announced on Wednesday that the bank has issued a new type of digital bond built using blockchain technology. On April 28, 2021, the EIB....
A major bank in Australia is developing a blockchain-based system for the sale of government bonds. The Australian Financial Review reported that Commonwealth Bank of Australia has designed a blockchain network concept that could be utilized to issue and exchange government bonds. The Queensland Treasury Corporation, which acts as the Australian state’s central financing authority and provider of treasury services, is said to have tested the concept. Other states in Australia, according to the newspaper, have also eyed the technology. Deputy CEO for the Queensland Treasury Corporation....
China Construction Bank will issue the debt securities over a blockchain, with trading to be available against bitcoin and U.S. dollars via an exchange partner.
China Construction Bank has used blockchain technology to issue the first tranche of a planned $3 billion worth of debt. China Construction Bank has partnered with a Hong Kong-based fintech to issue the first-ever blockchain-based digital security issued by a Chinese financial institution.One of the "Big Four" banks in the People's Republic of China, CCB is ranked the second largest bank worldwide by total assets as of fall 2020.The megabank's plan with the new blockchain-based debt issuance is to raise up to $3 billion in total, starting with a tranche of $58 million, from individuals and....
Meta, the social media company, is planning to issue its first set of bonds to finance new investments and operations, according to reports. The company will be selling $10 billion in debt, to maintain a healthy cash flow and fund buybacks, per statements of two people with reported knowledge of the deal.
Meta to Issue Bonds to Finance New Investments
Meta, one of the first companies that pivoted to the metaverse as part of its main business model, is set to issue debt in order to continue to fund part of its operations and to maintain a healthy free cash flow. According to....