Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
The 30 million-euro , 3.65% bond sale was a part of the European Central Bank's money settlement experimentation program.
Slovenia became the first European Union member to issue a sovereign digital bond with a 30 million-euro note that settled on-chain through the Bank of France's tokenized cash system as part of the European Central Bank's money settlement experimentation program.The ECB completed its first test of the settlement of a wholesale CBDC in May and said it would conduct more trials and experiments over the following months.
"These initial transactions and experiments with wholesale tokenized central bank money represent an important steppingstone to greater transparency and efficiency of financial markets with wider technology adoption," the Slovenian government said."While hardly material in financial markets at the moment in terms of value issued and/or traded, we expect the importance of the distributed ledger technology to grow significantly in the following years.
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