A €1 billion benchmark bond, issued directly on a distributed ledger by a European supranational institution.
Around 10-26, the European Stability Mechanism (ESM) priced its first digital-native benchmark bond, with a face value of €1 billion.
The Deutsche Bundesbank acted as issuing and paying agent; Clearstream, Pontes’s market-side distributed ledger operator, created the bond on its D7 platform and settled it delivery-versus-payment.
The cash leg went directly through central bank money in the Eurosystem’s TARGET (T2) via Pontes.
Around 11-05, ECB Executive Board member Cipollone said that Pontes had successfully settled this €1 billion benchmark bond around 11-02.
Pontes went live around 09-21 to connect market-side distributed ledgers to central bank money settlement.
This settlement ≠ the digital euro having already been issued to the public.
In the press release around 10-26, the exchange listing and eligibility as Eurosystem collateral were still described as expected arrangements.
#RWA #代币化 $EUR
Around 10-26, the European Stability Mechanism (ESM) priced its first digital-native benchmark bond, with a face value of €1 billion.
The Deutsche Bundesbank acted as issuing and paying agent; Clearstream, Pontes’s market-side distributed ledger operator, created the bond on its D7 platform and settled it delivery-versus-payment.
The cash leg went directly through central bank money in the Eurosystem’s TARGET (T2) via Pontes.
Around 11-05, ECB Executive Board member Cipollone said that Pontes had successfully settled this €1 billion benchmark bond around 11-02.
Pontes went live around 09-21 to connect market-side distributed ledgers to central bank money settlement.
This settlement ≠ the digital euro having already been issued to the public.
In the press release around 10-26, the exchange listing and eligibility as Eurosystem collateral were still described as expected arrangements.
#RWA #代币化 $EUR
