The Czech National Bank (CNB) has completed a test of digital bond issuance using distributed ledger technology, conducted through its CNB Lab initiative. The trial utilized CSD Prague, the Czech central securities depository and the first infrastructure to obtain a license under the EU's DLT pilot regime, with local commercial bank Česká spořitelna serving as counterparty.
The test bond carried a face value of 10,000 Czech koruna (approximately $453) and covered purchases, sales, interest payments, and repo transactions. The successful completion marks a step forward in the integration of blockchain-based settlement systems within European sovereign debt markets.
Czech National Bank Completes Distributed Ledger Technology Bond Issuance Test
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