The Venus project is the first successful tokenized bond initiative by the European Investment Bank (EIB) issued using private Distributed Ledger Technology (DLT) and listed on a securities exchange. It utilizes wholesale Central Bank Digital Currency (wCBDC) for settlement. This project demonstrates the potential of wCBDC and DLT in enhancing access, security, and efficiency in digital capital markets.
- Key Point 1: Secure and efficient settlement.
- Key Point 2: Acceleration of the issuance process.
- Key Point 3: Secure interoperability between different DLTs.
- Key Point 4: Participation of non-bank entities.
- Key Point 5: Interoperability of Central Bank Digital Currencies (CBDCs).
While the Venus project marks a significant milestone, further experiments and policy research are needed before deciding whether to issue a wholesale CBDC. The Eurosystem is conducting additional experiments and trials, with conclusions expected by mid-2025.