CoinVoice has recently learned that the International Capital Market Association (ICMA) has published a digital debt reference guide based on DLT. This document is the result of ICMA's DLT Bond Working Group, chaired by Christoph Hock of Union Investment.
“Token economics, especially bonds based on DLT, have become increasingly important in recent months,” Hock mentioned, referring to the recent wholesale DLT settlement trial conducted by the European Central Bank in central bank money, which has helped increase activity. He continued, “Currently, we see the entire value chain being highly fragmented, and we look forward to strengthening cooperation and standardization, which will play a key role in further building the tokenized world. With its DLT bond reference guide, ICMA and all stakeholders have taken a significant step in this direction.”
As an asset management company, Union Investment has been one of the most active investors in the digital bond space, starting with the issuance of the first bond by the European Investment Bank (EIB) in April 2021. The EIB has now issued six digital bonds, including two issued in November as part of the ECB's DLT settlement trial. [Original link]