It turns out that the € 100m digital bond issued by the European Investment Bank earlier this week was actually a beta version of the European Central Bank’s digital currency.

Thursday’s announcement by the French central bank Banque de France revealed that digital bonds were settled using central bank digital currencies on the blockchain.

The two-year bond was released on the public Ethereum blockchain on Tuesday and was redeemed the next day, with a maturity date of April 28, 2023. The sale was led by Goldman Sachs, Santander and Societe Generale.

“From a technological point of view, the experience required the development and distribution of smart contracts under safe conditions so that the Bank of France could issue and control the trading of CBDC tokens, thus CBDC transfers occur simultaneously with the delivery of securities tokens to the portfolios of investors,” he said. France Bank.

The bank also announced plans for more trials in the future, stating that its efforts are part of the pressure to provide metal evidence for the European CBDC coin:

“In the coming months, in cooperation with the market, the Bank of France will conduct further experiments to assess other uses of the central bank’s digital currency in interbank settlements.”
News that the European Investment Bank issued bonds for Ethereum pushed the price of Ether (ETH) to $ 2,709 on Wednesday. Danny Kim, head of revenue at cryptocurrency brokerage SFOX, told Reuters the announcement “led to an optimistic institutional use of Ethereum.”

Despite bullish sentiment on the air, it could take some time to wait for the digital euro as the European Central Bank did not participate in the pilot.

In January this year, European Central Bank President Christine Lagarde said that the development of the digital euro “will take a long time to maintain its integrity,” adding, “I hope it will not take more than five years.”

On April 12, Monica Singer, ConsenSys South Africa, warned that Europe could be left behind by pulling the trigger very slowly:

If the European Central Bank has to wait until 2028, it will not be a central bank. Who will use the euro in its current form? There will be a lot of options. “