The European Investment Bank (EIB) has issued its fifth digital bond. It’s a €100 million issuance that will be settled tomorrow using the pilot Euro wholesale central bank digital currency (wCBDC) as part of the European Central Bank’s wholesale DLT settlement trials which end this month.
While we use the term wCBDC, the Banque de France refers to the tokens issued on its DL3S DLT platform as ‘exploratory cash tokens’. A key advantage of a wholesale CBDC is atomic settlement, which involves the simultaneous exchange of the cash and title to the tokenized security.
The EIB issued the latest digital bond on the HSBC Orion platform, the second time that the EIB has used it. The Banque Centrale du Luxembourg was the local central bank for the EIB.
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