Ethereum Used by European Investment Bank to Issue $120 Million of Digital Bonds
In a significant sign of adoption and reinforcement of Ethereum as a global settlement layer, the European Investment Bank (EIB) will issue $120 million of digital bonds on Ethereum. The EIB will issue $120 million of digital notes, where among other intermediaries, Goldman Sachs will monitor and manage the sale.
Ethereum is a global smart contracting layer and a reliable public chain used by hundreds of thousands of projects due to its public and secure nature. It remains transparent--a feature attractive to projects, including EIB, which will now issue digital notes openly from Ethereum. Outside of DeFi and NFTs, adoption from financial institutions could portend the beginning of widespread adoption, a boost for ETH prices.
Impact on ETH Prices:
Bullish. Before EIB, Visa already relies on Ethereum when the platform creators continue in refinement on matters scalability and reduction of transaction fees.
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