Slovenia has become the first EU country to issue digital bonds using Distributed Ledger Technology (DLT), the Slovenian Ministry of Finance announced.
This move positions Slovenia among the few nations globally to adopt this advanced financial technology.
The €30 million digital bonds will mature in four months. Although DLT is not widely used in financial markets yet, Slovenian officials expect its adoption to grow significantly.
DLT, which includes blockchain technology, offers enhanced security against forgery and unauthorized copying. This issuance is part of the European Central Bank’s pilot program for settling wholesale financial transactions with central bank money, marking a significant step in the digital transformation of financial markets.