LINARI LAW

Luxembourg issues first digital treasury certificates on blockchain

On June 16, 2025, Luxembourg’s State Treasury took a major step in its digital finance journey by issuing its first-ever Digital Treasury Certificates (DTCs), totaling EUR 50 million. These six-month, zero-coupon instruments were priced at 99.030% and will be redeemed at par upon maturity.

This groundbreaking transaction showcases the practical implementation of Luxembourg’s advanced legal framework for distributed ledger technologies (DLT). Entirely executed via a  digital platform, the issuance underscores the government’s commitment to modernizing public debt instruments and enhancing efficiency, transparency, and trust in financial markets.

The initiative is part of a broader ambition to build scalable frameworks for digital debt issuance and expand Luxembourg’s expertise in this field. More tokenized issuances will surely follow as the country continues to advance its digital finance roadmap.

Thanks to a clear and supportive regulatory environment, Luxembourg is increasingly seen as a hub for fintech and DLT experimentation. Its legal certainty around blockchain-based securities makes it a compelling jurisdiction for innovation in capital markets.

This transaction offers valuable insights for professionals working in capital markets, fintech, and blockchain finance. It confirms that tokenized sovereign debt is not only legally viable under Luxembourg law but also commercially attractive.

If you’re interested in blockchain-based financing or tokenized securities, our legal team is here to help. Don’t hesitate to contact us or subscribe to our newsletter for updates and insights.

PREVIOUS NEXT

Related posts

Browse All

Know your rights:  Collective redundancy:

Employees in Luxembourg facing collective redundancy have specific rights and protections under the law. Employers planning mass layoffs must inform authorities and negotiate a social plan to mitigate the impact. This plan may include financial compensation, retraining, redeployment, and other support measures. Understanding your rights ensures you can contest improper…

Luxembourg Launches Transposition of AIFMD II – Draft Bill No. 8628 Introduced to Parliament

On 3 October 2025, Luxembourg introduced Draft Bill No. 8628 to transpose AIFMD II into national law, amending the AIFM and UCI Laws. The Bill expands the services AIFMs and ManCos can offer, introduces new rules for loan-originating AIFs, and strengthens liquidity management requirements. Luxembourg also codifies existing delegation and…

IFLR1000 – Linari Law Firm Ranked

Linari Law Firm is proud to once again be recognized in the IFLR1000 2025 edition — a distinction we’ve earned every year since 2016. This continued ranking underscores our team’s dedication to delivering top-tier legal advice across investment funds, capital markets, banking, and M&A. Guided by excellence, efficiency, and an…

Instant payments regulation for real-time Euro transfers

The Instant Payments Regulation (EU) 2024/886 takes effect in Luxembourg on October 9, 2025, revolutionizing how euro credit transfers are processed. Under the SEPA Instant Credit Transfer (SCT Inst) scheme, payments of up to €100,000 can now be executed in real-time, 24/7.

A new chapter for Luxembourg: Prince Guillaume to become Grand Duke

On 3 October 2025, Luxembourg will experience a historic moment as Grand Duke Henri abdicates in favor of his son, Prince Guillaume. This transition continues a proud tradition of voluntary abdications within the Grand Ducal family.

Private Debt in Luxembourg

Luxembourg has become a leading hub for private debt funds and securitisation vehicles in Europe. Driven by strong investor demand and favorable regulatory reforms, the sector is poised for significant growth, with assets exceeding €500 billion.
Browse All

A LEGACY OF LAW. A FUTURE OF INNOVATION.
25 years of legal excellence – the journey continues.

Contact Info

+352 27 11 60 10

UP