The Czech National Bank (CNB) issued a press release today: for the first time in its history, it has issued its own bonds in tokenized form using distributed ledger technology (DLT). This was an end-to-end pilot by its innovation lab, CNB Lab. The pilot tested bond transfers, trading and settlement, and repurchase agreements, with settlement completed almost instantly and, in theory, possible 24 hours a day.
The test was still small in scale: transactions took place in October and November, involving tens of thousands of Czech koruna. The counterparty was domestic commercial bank Česká spořitelna, and each bond had a face value of 10,000 koruna. Governor Aleš Michl said that the central bank must be involved from the outset, so that settlement is based on central bank money rather than private money such as stablecoins. The goal is to create a Czech koruna asset market that is easier to trade than German government bonds.
The press release also said that the Czech National Bank recently purchased a euro-denominated government bond that exists only on DLT, to test foreign exchange reserve management. The bank counts itself among the small number of EU central banks that have successfully tested this technology.
#代币化 #稳定币 #Central bank
The test was still small in scale: transactions took place in October and November, involving tens of thousands of Czech koruna. The counterparty was domestic commercial bank Česká spořitelna, and each bond had a face value of 10,000 koruna. Governor Aleš Michl said that the central bank must be involved from the outset, so that settlement is based on central bank money rather than private money such as stablecoins. The goal is to create a Czech koruna asset market that is easier to trade than German government bonds.
The press release also said that the Czech National Bank recently purchased a euro-denominated government bond that exists only on DLT, to test foreign exchange reserve management. The bank counts itself among the small number of EU central banks that have successfully tested this technology.
#代币化 #稳定币 #Central bank
