The Czech National Bank has completed a digital bond issuance test through its CNB Lab initiative, using CSD Prague, the country’s central securities depository and the first infrastructure licensed under the European Union’s distributed ledger technology (DLT) pilot regime. Česká spořitelna served as the transaction counterparty. The test bond had a face value of 10,000 Czech koruna, or about $453, and covered purchases, sales, interest payments and repo transactions. The successful trial marks a step toward integrating blockchain-based settlement systems into European sovereign debt markets.