According to CryptoSlate, the Czech National Bank (CNB) announced on November 10 that it has completed a small-scale bond and repo test. The transactions took place between October and November using the distributed ledger technology (DLT) infrastructure of the Central Depository Prague. Governor Aleš Michl stated that the counterparty was Česká spořitelna (Czech Savings Bank), with a nominal value of 10,000 Czech korunas per bond. The central bank noted that settlement was completed almost instantly, though the total transaction volume amounted to only tens of thousands of korunas. The Governor hopes to use central bank money as the core for tokenized securities settlement in the future, though the specific cash settlement instrument used in the test has not yet been disclosed. This does not indicate the launch of a retail central bank digital currency (CBDC) or the replacement of stablecoins.