European Investment Bank (EIB) issues bonds using Ethereum
We explained it to you in the middle of the month, the European Investment Bank (EIB) had already announced its intention to issue bonds based on the Ethereum blockchain, following in this several other major central banks.
As Reuters explains, these “digital bonds” have a maturity date of April 28, 2023. These are 100 million euros of bonds that are offered through Ethereum. As announced, large banking groups will manage this initiative: Goldman Sachs, Santander, and Société Générale for France.
The latter had also underlined the interest of the blockchain for the issuance of bonds, explaining that there were advantages in terms of ” modularity of the product and shorter time-to-market, automation of title events, increased transparency, faster transfer of securities and settlement. ”
👉 To read also: The French laboratory Bender Labs launches a bridge between the blockchain Ethereum (ETH) and Tezos (XTZ)
Ether price (ETH) hits new all-time high
The news seems to have helped propel the price of Ether (ETH), who has just achieved an absolute record early this morning. ETH took 8.5% in 24 hours, reaching its highest level ever, at $ 2,716:
Source: TradingView, ETH / USDT
While Bitcoin (BTC) is struggling to rub shoulders with $ 60,000 again, Ether (ETH) showed good progress over the week (+ 13.4%). Its capitalization currently exceeds $ 305 billion. In any case, the EIB’s initiative sends a strong signal of confidence in the native currency of the Ethereum network.
👉 Also discover: Why has the dominance of Bitcoin (BTC) fallen below 50%?
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