“Private Debt meets blockchain. Hype or real efficiency gains?“ | Joana Baublytė-Kulvietė

For blockchain to matter in private debt, it needs to answer a question: does it create practical value? Tokenised bonds do not change the legal nature of private debt — a bond remains a bond. Credit risk still needs assessing, covenants still need drafting, and security still needs structuring.  

What changes is the infrastructure around the instrument. Near-instant settlement, automated lifecycle events, and clearer transfer records are already being tested within regulated market infrastructure across the EU. The real question is whether standards and market confidence can scale fast enough for these gains to matter in practice.

That was the focus of WALLESS Partner Joana Baublytė-Kulvietė’s presentation at the Private Debt Baltic Forum 2026, organised by Verslo žinios. A forum powered by Nter, with WALLESS, CIVINITY, the European Investment Fund, and the European Investment Bank as partners, bringing together the people at the heart of private debt markets across the region.