Last week we reported that the European Investment Bank (EIB) had issued its fifth digital bond. Just a few days later it issued its sixth, a €100 million issuance that also used the Banque de France’s ‘exploratory cash tokens’ or wholesale CBDC (wCBDC) for settlement. The sixth bond was also part of the European Central Bank’s (ECB’s) wholesale DLT settlement trials in central bank money which end this month.
A wCBDC enables the bond to settle atomically, using delivery versus payment. The Banque de France’s DL3S blockchain platform is the only one of the three ECB DLT settlement options that provides cash on chain.
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