One of the largest Austrian Bank Osterreichische Kontrollbank (OeKB) plans in early October to hold an auction on placement of long-term Treasury bond 1.15 billion euros ($1.35 billion) on the Ethereum blockchain. It will be the first case in the country blockchain technology for notarization of sale of bonds within the public auction. OeKB will issue bonds on behalf of the Treasury of Austria (OeBFA) and using the developed system Austrian Direct Auction System (ADAS).

The Minister of Finance of Austria Leger Hartwig (Hartwig Löger) stated that, in the opinion of the regulator, the blockchain technology “forms the focus of economic policy.”

We will remind that earlier Russian mobile operator MTS and Sberbank CIB held a full transaction cycle on the placement of commercial bonds on the blockchain.