The law and practice of digital bonds

by Kerem Dönbekci

Digital bonds are revolutionising capital markets by leveraging blockchain technology to facilitate faster settlements, reduce costs, and enhance transparency. As they represent one of the most innovative transformations in today's capital markets, this article investigates recent advancements and practical applications in digital bond issuance across key jurisdictions, including the European Union (EU), UK, Switzerland, China, and the US. It emphasises the emerging practices and legal developments that shape the digital finance landscape by examining innovative case studies, such as the European Investment Bank's (EIB's) Project Venus.