Evercity News

Evercity partnered with the Luxembourg Blockchain Week

Powered by the Luxembourg Blockchain Lab, Luxembourg Blockchain Week is a joint initiative of Infrachain, The LHoFT, LIST, SnT and Letzblock. During 5 days more than 35 speakers including the Prime Minister of Luxembourg, Xavier Bettel; the Minister of Finance, Pierre Gramegna and Evercity CEO Alexey Shadrin, as well as representatives of banks, corporations and startups highlighted use cases and potential applications of blockchain technology.

One of the brightest moments of the event was the presentation of the EIB’s first ever blockchain bond issued on public blockchain. This issuance received positive feedback from multiple stakeholders and was named an important forward-looking capital market innovation. Evercity had a unique chance to witness the presentation and ask questions.

“We have just seen the supernova of digital bonds in Europe. The leadership of EIB is showing a clear sign that the EU is willing to embrace blockchain technology for debt capital markets. Blockchain brings a golden source of truth for the participants of the bond issue in terms of interest rate calculation as well as automation of the structuring process. The clear next step is digitalisation of sustainable debt markets, that Evercity is already doing”, said Evercity CEO Alexey Shadrin

Being among the first members of the Luxembourg Blockchain Lab, Evercity (Techstars portfolio company) had a unique chance to present its innovative solutions — digital platform for impact measurement and investment and Smart Sustainable Bond Protocol.

The protocol is based on the public Parity Substrate blockchain which brings interoperability and low energy consumption. The final product is now undergoing piloting within Techstars & ABN AMRO Future of Finance Accelerator and will be officially released before COP 26 in Glasgow.