Digital bonds surged 260% in 2024, hit €3 billion: Report
The post Digital bonds surged 260% in 2024, hit €3 billion: Report appeared on BitcoinEthereumNews.com.
Homepage > News > Finance > Digital bonds surged 260% in 2024, hit €3 billion: Report Digital bonds issued on distributed ledger technology (DLT) surged 260% in 2024 to hit €3 billion ($3.14 billion), a new report has revealed. The Distributed Ledger Technology (DLT) Capital Market report found that the highest growth was in Europe and Asia, which have dominated the digital bonds market for the past few years. European entities were the worldwide leaders, issuing €1.7 billion ($1.77 billion) worth of bonds on DLT, with Asia contributing €1.1 billion ($1.15 billion). The report, published by the Association for Financial Markets in Europe (AFME), cited the European Central Bank (ECB) and the Swiss National Bank (SNB) as two of the most important players. The two were involved in DLT trials that issued €1.8 billion ($1.88 billion) worth of digital bonds, although some of the trials the ECB participated in involved American entities. Among the notable issuances in Europe were a €105 million ($109 million) digital bond by the European Investment Bank and a €100 million issuance by France’s state-owned lender Caisse des Dépôts, which both debuted in November. Both utilized a wholesale central bank digital currency (wCBDC) and were issued by the French central bank through its D3LS platform, with which it integrates wCBDC with existing payment rails. Germany’s development bank KfW and fellow German lender WIBank also had notable issuances. Even governments jumped in too, with Slovenia issuing its first digital bond in August while the Swiss city of Lugano settled a $114 million CBDC-linked bond earlier in the year. “Although the adoption of DLT in capital markets is currently limited relative to the size of the global market, its recent rapid growth and the emergence of new market participants and product offerings present substantial opportunities for future expansion,”…
Filed under: News - @ February 18, 2025 10:23 am