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Austria to Use Ethereum Public Blockchain to Issue $1.35 Bln in Government Bonds

Published 09/27/2018, 08:13 AM
Updated 09/27/2018, 08:22 AM
Austria to Use Ethereum Public Blockchain to Issue $1.35 Bln in Government Bonds
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Austria’s government is set to use the Ethereum (ETH) public blockchain to issue €1.15 billion ($1.35 billion) of government bonds in an auction next week, local news outlet Kleine Zeitung reports September 25.

Oesterreichische Kontrollbank (OeKB) — one of Austria’s biggest banks with $26 billion in assets in 2017 — will reportedly operate the live blockchain notarization service. During the auction, scheduled for October 2, the bank will issue the bonds on behalf of the Austrian Treasury (OeBFA).

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