Deployments · SG-FORGE security token platform · platform by Societe Generale-FORGE

EIB digital bond on public EthereumUpdated 18 Oct 2026

The European Investment Bank's first digitally native bond, a two-year EUR 100 million issue recorded as tokens on public Ethereum. Société Générale-FORGE ran the registry and settlement, and the underwriting banks paid the EIB in a Banque de France wholesale CBDC token as part of the French central bank's digital currency experiments. Investors paid in ordinary euros. The bond matured in April 2023.

Inactive · matured or redeemed since 28 Apr 2023^[1]i — Single issue that ran to maturity; it was a live, rated public bond rather than a test. · Reviewed 21d ago i

Assets

Debt security^[1]

Two-year zero-coupon EUR bond issued as tokens under French law

Networks

Ethereum Public, permissionless^[1]

Use cases i

Primary issuance^[1]Delivery versus payment (DvP)^[2]

Jurisdictions

Luxembourg, France

Participants

• European Investment BankIssuer^[1]Luxembourg
• Societe Generale-FORGEPlatform provider, Operator, Transfer agent or registrar, Paying or settlement agent^[1][3]France
• Goldman SachsArranger or dealer, Distributor^[1]United States
• Banco SantanderArranger or dealer, Distributor^[1]Spain
• Société GénéraleArranger or dealer, Distributor^[1]France
• Banque de FranceCash leg provider^[1]France
• ConsensysTechnology provider^[2]United States
• DZ BANKCustodian^[1]Germany
• Union InvestmentInvestor^[1]Germany
• LinklatersLegal or professional adviser^[1]United Kingdom
• A&O ShearmanLegal or professional adviser^[1]United Kingdom

Likely relevant regulation i

• Central Securities Depositories Regulation (CSDR), Regulation (EU) No 909/2014European Union
• EU DLT Pilot RegimeEuropean Union

Assets

• IssuesEIB 2-year EUR 100m digital bond, 2021^[1]

Metrics i

• €100mDigital bonds issued · as of Apr 2021^[1]
• 1 issuesDigital bond issues · as of Apr 2021^[1]

Timeline

1. Happened 28 Apr 2023 · Retired · recorded 11 Oct 2026
   The bond reaches its scheduled maturity date.^[1]
2. Happened 27 Apr 2021 · Launch · recorded 11 Oct 2026
   EIB prices a EUR 100 million two-year bond on Ethereum, with Goldman Sachs, Santander and Société Générale as joint lead managers; settlement follows the next day.^[1]

Sources i