TokenBank bahasa Indonesia · Obligasi digital pemerintah

Pemerintah mana yang sudah menerbitkan obligasi digital?

Ringkasan

Data kami mencatat 34 obligasi digital dari 14 penerbit publik, termasuk yang sudah jatuh tempo. Jatuh tempo antara 2024-02-16 dan 2036-10. Kredit obligasi adalah kredit penerbitnya; blockchain mengubah pencatatan, bukan risikonya.

Beberapa pemerintah dan lembaga publik telah menerbitkan obligasi yang dicatat di blockchain, antara lain Hong Kong, negara-negara Eropa, bank pembangunan, dan penerbit di kawasan Teluk. Obligasinya sama dengan obligasi biasa dari penerbit yang sama: risiko kredit dan peringkatnya milik penerbit; blockchain hanya mengubah cara pencatatan dan penyelesaian. Sebagian besar ditempatkan pada investor institusi, dan penerbit menentukan siapa yang boleh membeli.

Data per 2026-10-16 · Bukan saran investasi. Penerbit yang menentukan siapa yang boleh membeli. · English

TokenPenerbitImbal hasilMinimumBlockchainStatus
1.3 Bond 23-27 Kt. BS
CH1265890678
Canton of Basel-Stadt1.30% (register description; BKB result notice)
checked 16 Oct 2026
CHF 5,000SDX DLT (private permissioned ledger, SIX Digital Exchange CSD)aktif
1.45 Kt ZH 23-34
CH1306117073
Canton of Zurich1.45%
checked 16 Oct 2026
CHF 5,000SDX DLT (private permissioned ledger, SIX Digital Exchange CSD)aktif
0.6125 StLug 32
CH1433241267
City of Lugano0.6125% (final rate)
checked 16 Oct 2026
CHF 5,000SDX DLT (private permissioned ledger, SIX Digital Exchange CSD)aktif
0.95 St. LUG 26-36
CH1562934682
City of Lugano0.95% (final rate)
checked 16 Oct 2026
CHF 5,000SDX DLT (private permissioned ledger, SIX Digital Exchange CSD)aktif
0.9525 Lug 35 TOK
CH1462229902
City of Lugano0.9525% (register description)
checked 16 Oct 2026
CHF 5,000SDX DLT (private permissioned ledger, SIX Digital Exchange CSD)aktif
1.0 St. LUG 24-33
CH1392903543
City of Lugano1.00%
checked 16 Oct 2026
CHF 5,000SDX DLT (private permissioned ledger, SIX Digital Exchange CSD)aktif
1.415 St. LU 24-34
CH1319968462
City of Lugano1.415%
checked 16 Oct 2026
CHF 5,000SDX DLT (private permissioned ledger, SIX Digital Exchange CSD)aktif
1.625 St. LU 23-29
CH1232107172
City of Lugano1.625% (register description)
checked 16 Oct 2026
CHF 5,000SDX DLT (private permissioned ledger, SIX Digital Exchange CSD)aktif
1.25 St SG 27
CH1331113444
City of St. Gallen1.25%
checked 16 Oct 2026
CHF 5,000SDX DLT (private permissioned ledger, SIX Digital Exchange CSD)aktif
EUR 100m 3-year fixed rate digital bond (Eurosystem exploratory work)
EIB-DIGI-2024-EUR-HSBC
European Investment Bank——HSBC Orion (private) with DL3S settlementaktif
EUR 100m 5-year fixed rate digital bond (Eurosystem exploratory work)
EIB-DIGI-2024-EUR-GOLDMA
European Investment Bank——GS DAP with DL3S settlementaktif
Grand Duchy of Luxembourg — Luxembourg 3.70% 10-year DLT-native sovereign benchmark bond
LU-DLT-BENCH-2036
Grand Duchy of Luxembourg3.7% kupon
checked 15 Oct 2026
—Issued through LuxCSD on Clearstream's D7 DLT platform; Spuerkeess lead manageraktif
Grand Duchy of Luxembourg EUR 1.7bn 3.70% DLT-native sovereign bond 2036
LU-DLT-2036-EUR
Grand Duchy of Luxembourg (State Treasury)3.70%
checked 16 Oct 2026
—Clearstream D7 DLTaktif
HKSAR Government — Digital Green Bond 2025 (EUR 4-year tranche)
HKGB-DIGI-2025-EUR
HKSAR Government2.512% kupon
checked 15 Oct 2026
—HSBC Orionaktif
HKSAR Government — Digital Green Bond 2025 (HKD 2-year tranche)
HKGB-DIGI-2025-HKD
HKSAR Government2.5% kupon
checked 15 Oct 2026
—HSBC Orionaktif
HKSAR Government — Digital Green Bond 2025 (RMB 5-year tranche)
HKGB-DIGI-2025-RMB
HKSAR Government1.9% kupon
checked 15 Oct 2026
—HSBC Orionaktif
HKSAR Government — Digital Green Bond 2025 (USD 3-year tranche)
HKGB-DIGI-2025-USD
HKSAR Government3.633% kupon
checked 15 Oct 2026
—HSBC Orionaktif
KfW DLT I 12/2025
DE000A383BJ9
KfW DLT I 12/2025——Polygonaktif
KfW DLT II 11/2024
DE000A383P06
KfW DLT II 11/2024——Polygonaktif
Thailand G-Token (government investment token)
TH-GTOKEN-2025
Ministry of Finance, Public Debt Management Office———aktif
EIB EUR 100m 0% 2-year digital bond (2021)
EIB-DIGI-2021-EUR-SGFORG
European Investment Bank0.000% annual
checked 16 Oct 2026
—Ethereum (public)berakhir
EUR 77.5m DLT-native commercial paper (10 business days)
EIB-DIGI-2026-EUR-CLEARS
European Investment Bank——Clearstream D7 (DLT-native)berakhir
GBP 50m SONIA+0.12% digital bond 2025
EIB-DIGI-2023-GBP-HSBC
European Investment Bank——Private permissioned (HSBC Orion) + public mirrorberakhir
Project Venus EUR 100m 2.507% digital bond 2024
EIB-DIGI-2022-EUR-GOLDMA
European Investment Bank2.507% annual
checked 16 Oct 2026
—Private blockchain (GS DAP)berakhir
SEK 1bn digital Climate Awareness Bond (2-year)
EIB-DIGI-2023-SEK-SOBOND
European Investment Bank——PoCR Network (public permissioned)berakhir
Export Development Canada — EDC tokenized bond (Project Samara)
CA-EDC-SAMARA-2026
Export Development Canada——Samara Platform (Hyperledger Fabricberakhir
HKSAR Government — Digital Green Bond 2024 (EUR tranche)
HKGB-DIGI-2024-EUR
HKSAR Government3.647% kupon
checked 15 Oct 2026
—HSBC Orionberakhir
HKSAR Government — Digital Green Bond 2024 (HKD tranche)
HKGB-DIGI-2024-HKD
HKSAR Government3.8% kupon
checked 15 Oct 2026
—HSBC Orionberakhir
HKSAR Government — Digital Green Bond 2024 (RMB tranche)
HKGB-DIGI-2024-RMB
HKSAR Government2.9% kupon
checked 15 Oct 2026
—HSBC Orionberakhir
HKSAR Government — Digital Green Bond 2024 (USD tranche)
HKGB-DIGI-2024-USD
HKSAR Government4.749% kupon
checked 15 Oct 2026
—HSBC Orionberakhir
HKSAR Government — Tokenised Green Bond 2023
HKGB-DIGI-2023
HKSAR Government4.05% kupon
checked 15 Oct 2026
—Goldman Sachs GS DAP (private blockchain)berakhir
KfW EUR 20m 2.381% first electronic security on D7 (2022-2024)
DE-KFW-D7-2024
KfW2.381%
checked 16 Oct 2026
—Clearstream D7berakhir
EUR 30m 3.65% inaugural digital bond 2024
SI-DIGI-2024-EUR
Republic of Slovenia3.65%
checked 16 Oct 2026
—Canton (Daml), settled in wholesale CBDC via DL3Sberakhir
Republic of the Philippines (Bureau of the Treasury) — Tokenized Treasury Bonds 2023
PH-TOKBOND-2023
Republic of the Philippines (Bureau of the Treasury)——Tokenized issue of the Bureau of the Treasuryberakhir

Pertanyaan umum

Bisakah investor ritel membeli obligasi digital pemerintah?

Penerbit yang menentukan. Sebagian besar penerbitan sejauh ini ditempatkan pada investor institusi dan jarang diperdagangkan di pasar sekunder.

Mengapa pemerintah menerbitkan obligasi di blockchain?

Untuk menguji penyelesaian yang lebih cepat, pencatatan yang lebih sederhana, dan infrastruktur pasar baru. Banyak penerbitan masih bersifat uji coba.

Baca juga