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

Luxembourg labour market trends: what employers should watch in 2026

A recent STATEC study highlights major structural changes in Luxembourg’s labour market heading into 2026. Atypical work arrangements now dominate, raising new compliance and workforce management challenges for employers. Persistent gender disparities and widespread teleworking continue to shape employment patterns across sectors. Employers must adapt HR strategies, ensure regulatory compliance,…

Career opportunity: WE ARE HIRING!

Career Opportunity: Avocat à la Cour (Luxembourg) Senior Associate – Corporate Law and/or Banking and Finance Location: Strassen, LuxembourgLanguages: English and French (mandatory)   About Linari Law Firm – Linari-Law Firm is a recognized boutique law firm with more than 25-year track record of advising a diverse clientele, from multinational…

Luxembourg – to reform commercial and financial justice

Luxembourg’s Minister of Justice has introduced two draft bills to modernise commercial and financial justice. The reforms include specialised commercial and criminal chambers for economic and financial disputes, supported by additional magistrates and targeted training. A second bill would digitalise insolvency proceedings by allowing electronic filings in bankruptcy and reorganisation…

Scope Ratings confirms Luxembourg’s AAA rating

On 10 April 2026, Scope Ratings reaffirmed Luxembourg’s AAA sovereign credit rating with a stable outlook, confirming its position among the world’s most secure economies. This recognition highlights the country’s strong public finances, resilient financial sector and high-value economic model. The rating is particularly relevant for cross-border transactions, fund structuring,…

Luxembourg adopts DAC 8 law to tackle crypto tax evasion

Luxembourg has adopted DAC 8 to strengthen tax transparency in the cryptocurrency sector. From 2026, crypto exchanges must report detailed user transaction data to tax authorities. The directive aligns with the EU’s broader effort to combat tax evasion and integrate crypto into existing reporting systems. This reform reinforces Luxembourg’s role…

Luxembourg Supreme Court clarifies end date of redeployment compensation rights

The Luxembourg Supreme Court ruled that redeployment compensation must continue until the actual termination date of the employment contract, not merely the statutory notice period. The case highlights the importance of assessing whether contractual extensions, including collective or company agreements, effectively prolong the employment relationship. The Court criticised the lower…
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