According to ChainCatcher, Slovenia has become the first EU member state to issue a 30 million euro sovereign digital bond as part of the European Central Bank’s monetary settlement experimental program.

The bond, settled on-chain via the Bank of France’s tokenized cash system, has a four-month term, matures on November 25, and carries a coupon rate of 3.65%.

The Slovenian government said it conducted a settlement in wholesale central bank digital currency (CBDC) on Thursday.