Slovenia Releases First Digital Sovereign Bond in EU

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Slovenia has recently made history as the first European Union country to issue a digital sovereign bond.

The bond, which was provided and placed by BNP Paribas, had a value of 30 million euros ($32.5 million), a 3.65% coupon rate, and a maturity date of November 25, according to the Slovenian Finance Ministry.

BNP Paribas utilized its Neobonds platform for the bond issue on July 25. Neobonds is a tool that uses Distributed Ledger Technology (DLT) and Digital Asset’s Daml language on Canton blockchain.

Settlement for the bond was completed through the Banque de France’s DL3S interoperability system. This bond issuance was a part of the European Central Bank’s (ECB) program to experiment with central bank money settlement.