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Slovenia has issued the Eurozone’s first sovereign digital bond, utilizing the Canton blockchain platform for on-chain settlement. This groundbreaking issuance was facilitated by BNP Paribas, leveraging the Banque de France’s tokenized cash solution.
According to a recent announcement, this digital bond issuance is part of the European Central Bank’s wholesale central bank money settlement experimentation program. The bond was issued using BNP Paribas’s Neobonds platform, which operates on the Canton blockchain.
“BNP Paribas is committed to contributing to the Eurosystem-led wholesale digital settlement solutions that will make bond settlement more efficient and secure,” said Frederic Zorzi, Global Head of Primary Markets at BNP Paribas CIB.
The Neobonds platform recorded the legal ownership of the digital bonds, enabling network participants to manage the operational framework for issuance and trading bonds on secondary markets. This bond, with a nominal value of €30 million, features a 3.65% coupon and matures on November 25.
Launched in 2021 by financial technology company Digital Asset, the Canton blockchain aims to provide a privacy-enabled interoperable blockchain network for institutional clients. Notable participants include Deloitte, Cboe Global Markets, Goldman Sachs, and Microsoft, among others.
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