Deployments · BNP Paribas Neobonds · platform by BNP Paribas

Republic of Slovenia digital bond on BNP Paribas Neobonds (2024)New

Slovenia's first digital bond and the first from an EU sovereign: EUR 30 million at 3.65%, issued on 25 July 2024 and due 25 November 2024. It was issued on BNP Paribas' private Neobonds platform, built with Digital Asset's Daml on Canton, and settled on chain in wholesale central bank money through the Banque de France's DL3S as part of the ECB's exploratory work on DLT settlement. The EIB later bought some of the bond in the secondary market.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Inactive · matured or redeemed since 25 Nov 2024^[1] — Single four-month issue that reached its scheduled maturity. · Reviewed 24d ago

Assets: Debt security^[1]
Four-month 3.65% EUR sovereign bond
Networks: Canton Network Public, permissioned^[1]
DL3S Private, permissioned^[1]
Cash ledger for wholesale central bank money.
Use cases: Primary issuance^[1]Delivery versus payment (DvP)^[1]Secondary trading^[2]
Jurisdictions: Slovenia

Participants

Republic of Slovenia (Ministry of Finance)Issuer^[1]Slovenia
BNP ParibasPlatform provider, Operator, Distributor, Arranger or dealer, Paying or settlement agent, Custodian, Investor^[1][4]France
Digital AssetTechnology provider^[1]United States
Banque de FranceCash leg provider^[1]France
European Investment BankInvestor^[2][4]Luxembourg
Clifford ChanceLegal or professional adviser^[3]United Kingdom
AXA Investment ManagersInvestor^[4]France
BNP Paribas Asset ManagementInvestor^[4]France

Likely relevant regulation

Central Securities Depositories Regulation (CSDR), Regulation (EU) No 909/2014European Union
EU DLT Pilot RegimeEuropean Union

Assets

IssuesRepublic of Slovenia EUR 30m 3.65% digital bond, 2024^[1]

Metrics

€30mDigital bonds issued · as of Jul 2024^[1]

Timeline

Happened 25 Nov 2024 · Retired · recorded 15 Oct 2026
The bond reaches its scheduled final maturity.^[1]
Happened 19 Nov 2024 · Production milestone · recorded 15 Oct 2026
The EIB buys part of the bond in the secondary market.^[2]
Happened 25 Jul 2024 · Launch · recorded 15 Oct 2026
Slovenia issues a EUR 30 million digital bond on Neobonds, settled in central bank money on DL3S, the first digital bond from an EU sovereign.^[1]

Sources

[1]The Republic of Slovenia has issued the inaugural digital bond — Republic of Slovenia, Ministry of Finance (Treasury), Jul 2024. Accessed 15 Oct 2026.A
[2]Tokenisation in Finance - Different perspectives — European Investment Bank (ECB Bond Market Contact Group), 4 Mar 2026. Accessed 15 Oct 2026. EIB slides presented to the ECB Bond Market Contact Group; timeline of the EIB's digital bond issues..B
[3]Clifford Chance advises BNP Paribas and the Republic of Slovenia on the first Eurozone sovereign digital bond issuance — Clifford Chance, 26 Jul 2024. Accessed 28 Oct 2026.C
[4]The Eurosystem's exploratory work on new technologies for wholesale central bank money settlement - Annex II: Comprehensive overview of trials and experiments — European Central Bank, Jun 2025. Accessed 28 Oct 2026. Use-case descriptions were supplied by the participants; section 3.4 (BNP Paribas) covers this bond..A

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