IDAP Global’s First Fully Digital Private Bond

CMS Luxembourg advised IDAP Global on its issuance of the world’s first fully digital private bond.

Black Manta Capital Partners (BMCP) acted as the bond’s primary placement agent, financing an affordable housing project in England.

The fully digital bond, which is worth £15 million, is supported by Globacap through its private-placement solution utilising blockchain technology. The offering differs from traditional private placement and structured financing by making them more efficient and accessible for both project owners and a range of investors.

CMS Luxembourg’s Digital Assets team advised IDAP Global during the full issuance and process. The team was led by Investment Funds and Capital Markets partner Aurélien Hollard and supported by managing associate José Ocaña and associate Julie Pelcé.

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