Slovenia has just become the first member of the European Union to introduce a sovereign digital bond.
The bond, worth €30 million ($32.5 million), was settled on-chain through the Bank of France's tokenized cash system, as part of the European Central Bank's (ECB) currency settlement experimentation program.
According to the Slovenian government, settlement was completed on Thursday using a wholesale CBDC.
The ECB announced in May it had successfully tested the settlement of a wholesale CBDC and would continue to conduct tests and experiments in the coming months.