LONDON, Jan 31 (Reuters) – The European Funding Financial institution (EIB) mentioned Tuesday it has launched its first sterling digital bond on a non-public blockchain in partnership with BNP Paribas, HSBC and RBC Capital Markets.
The EIB mentioned the £50m ($61.60m) floating fee bond is registered on a non-public blockchain, whereas a public blockchain mirror registry will present better transparency on an anonymized foundation.
The sale adopted EIB’s earlier gross sales of euro-denominated digital bonds.
EIB Vice-President Ricardo Mourinho Felix mentioned the gross sales symbolize extra innovation within the monetary sector.
“This new monetary instrument will present further capital movement, the place the EIB will spend money on initiatives with world affect,” he mentioned.
($1 = 0.8117 kilos)
Written by William Schomberg
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