Bank

<h4><strong>This innovative move marks the first sovereign digital bond issuance in the EMEA (Europe, Middle East, and Africa) region. </strong></h4> 
<p>The settlement of this digital bond utilized the Banque de France’s wholesale CBDC. This was part of the <a href="https://www.ecb.europa.eu/press/intro/news/html/ecb.mipnews240514.en.html" target="_blank" rel="noopener">Eurosystem’s wholesale DLT settlement trials</a>.</p> 
<div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn"> 
 <div class="flex-col gap-1 md:gap-3"> 
  <div class="flex flex-grow flex-col max-w-full"> 
   <div class="min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto" dir="auto" data-message-author-role="assistant" data-message-id="50bb64d3-4edd-4ff7-bf4e-dcdf53c09791"> 
    <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]"> 
     <div class="markdown prose w-full break-words dark:prose-invert light"> 
      <h5><strong>First Sovereign Digital Bond Issuance in EMEA</strong></h5> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn"> 
 <div class="flex-col gap-1 md:gap-3"> 
  <div class="flex flex-grow flex-col max-w-full"> 
   <div class="min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto" dir="auto" data-message-author-role="assistant" data-message-id="82df8c90-e78f-4862-bc78-69fb012addb8"> 
    <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]"> 
     <div class="markdown prose w-full break-words dark:prose-invert light"> 
      <p>The European Investment Bank (EIB) has issued digital bonds but operates independently despite being owned by EU member states. In contrast, Slovenia’s issuance represents a direct governmental foray into the digital bond market. Earlier this year, Hong Kong also <a href="https://www.ledgerinsights.com/hong-kong-us756m-second-digital-green-bond/" target="_blank" rel="noopener">ventured</a> into the digital bond space with a $756 million digital green bond issuance in February, highlighting a growing global interest in digital financial instruments.</p> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p><a href="https://group.bnpparibas/" target="_blank" rel="noopener">BNP Paribas</a> has been at the forefront of this technological evolution with its two tokenization platforms. Neobonds, part of BNP Paribas’ Global Markets division, utilizes <a href="https://docs.daml.com/daml/intro/0_Intro.html" target="_blank" rel="noopener">Digital Asset’s Daml smart contract language</a> and the <a href="https://www.canton.network/" target="_blank" rel="noopener">Canton blockchain</a>. This platform was pivotal in recording the ownership of the Slovenian bond on the blockchain.</p> 
<p><img decoding="async" class="wp-image-146980 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vccvbvbnvbng-300x250.jpg" alt="" width="457" height="381" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vccvbvbnvbng-300x250.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vccvbvbnvbng.jpg 393w" sizes="(max-width: 457px) 100vw, 457px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/CoinDesk/status/1817862762225082666" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Also, smart contracts facilitated the generation of coupon payments and managed lifecycle events, including the bond’s redemption set for November 25, 2024. It is speculated that the bond’s duration aligns with the conclusion of the Eurosystem settlement trials in November.</p> 
<p>The second platform, AssetFoundry, resides within BNP Paribas Corporate and Institutional Banking (CIB) and is based on the public Ethereum network. This platform was previously used for a <a href="https://cbonds.com/bonds/58301/" target="_blank" rel="noopener">bond issuance</a> for EDF (Électricité de France) in 2022. BNP Paribas has indicated its commitment to further real transactions and experimental projects across all its settlement solutions.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
<div class="youtube-embed" data-video_id="oVbSAeD_7QM">
 <iframe title="Top 3 EXPLOSIVE Solana SOL Gem Altcoins For 2024 Crypto Bull Run" width="696" height="392" src="https://www.youtube.com/embed/oVbSAeD_7QM?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/slovenia-issues-e30m-digital-bond-via-tokenization-platform/">Slovenia Issues €30M Digital Bond via Tokenization Platform</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Slovenia Issues €30M Digital Bond via Tokenization Platform

Altcoin Buzz

Other articles published on Jul 30, 2024

The University of Wyoming Announces a Bitcoin Research Institute

Ethereum and Bitcoin ETF Inflows Surge

US Government Transfers $2 Billion in Bitcoin from Silk Road Stash – $65,000 or $70,000 BTC Price...

Grayscale sheds $20B from Bitcoin and Ether ETFs

Ripple CEO Brad Garlinghouse Spotlights Another Win Against US SEC, Gensler

Building a Decentralized Future with RAIN Coin

Join our free newsletter for daily crypto updates!