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The European Investment Bank (EIB) said on Tuesday it had launched its first sterling-denominated digital bond on a private blockchain, in partnership with BNP Paribas, HSBC and RBC Capital Markets.

The EIB said, the £50 million ($61.60 million), floating-rate bond was registered in a private blockchain, while a public blockchain mirror record would provide increased transparency on an anonymised basis.

The sale followed previous sales by the EIB of euro-denominated digital bonds. 

EIB vice-president Ricardo Mourinho Felix said the sales represented further innovation in the financial sector.

Felix said, “This new financial tool will provide additional capital flow that the EIB will invest in projects with global impact.”