The value of the cryptocurrency has also increased with the bonds issued on Ethereum. Large investment banks such as Goldman Sachs, Santander, and Societe Generale will manage these digital bonds issued by the European Investment Bank.

The EIB has also released a series of bond tokens on the Ethereum blockchain that investors buy and pay using fiat currency.

The EIB believes that the digitization of capital markets can benefit market participants in the coming years, including reducing intermediaries and fixed costs. These benefits include increasing the ability to see trade flows and identity holders, providing better market transparency, and a much faster payment rate.

Mourinho Felix, Vice President of the European Investment Bank, stated the following issues regarding the subject: In EIB, innovation goes beyond the projects they support. As a global leader in green bond and sustainability bond markets, the EIB is now clearly in an excellent position to guide digital bond issues on the blockchain. These digital bonds will play a role in providing the banks with faster and easier access to alternative sources of financing to increase the funding of projects worldwide.

Richard Gnodde, CEO of Goldman Sachs International, used the following expressions: With this transaction, the EIB confirmed its leading position in the market. This is an important step towards adopting this innovative technology and the adoption of potential efficiencies that can be achieved throughout the life cycle of debt issuance. Goldman Sachs is honored to have worked on this process and contributing to further innovations in this industry.

The share of Bitcoin, whose share in the total market volume in the crypto money markets decreased below 50 percent for the first time since August 2018, fell below 48 percent on the first day of the new week Ethereum’s share is over 15.5 percent.

The total volume in all markets also increased to 2.0 trillion 265.85 billion dollars. With the rapid climb after institutional interest in the cryptocurrency markets, the total market volume exceeded the limit of $ 1.0 trillion for the first time on January 7, and $ 1.5 trillion on February 15, and $ 2.0 trillion on April 10.

Reuters cited the views of Danny Kim, SFOX revenue chief on the issue. Danny Kim interpreted the EIB’s digital bond news as a bullish development for Ethereum that triggered corporate use.

Real Vision CEO Raoul Pal stated in a statement how dominant ETH is when it comes to its usage area. With a market value of $ 300 billion, ETH remains the second in the market.