Last updated on November 2, 2023
The World Bank International Bank for Reconstruction and Development (IBRD) has made a groundbreaking move in the field of blockchain and digital finance by issuing a €100 million digitally native note (DNN). This historic event, facilitated by Euroclear’s distributed ledger technology (DLT) issuance platform, is making waves in the global financial sector. The blockchain bond has been listed on the Luxembourg Stock Exchange, marking a significant milestone for the financial industry. Citi played a crucial role as the issuing and paying agent, while TD Securities took on the responsibility of the dealer. Euroclear Bank, serving as the Central Securities Depository (CSD), has solidified its position as a pioneer in blockchain and digital securities settlements.
Euroclear, the Brussels-based securities clearing giant, has announced its entry into digital securities settlement services, signaling a paradigm shift in market dynamics. This move marks the beginning of Euroclear’s integration of DLT into its operational framework, enabling clients to engage in the seamless initiation, dissemination, and finalization of fully digital international securities. By embracing digital transformation, Euroclear has established itself as a key player in the digitalization of the financial market infrastructure. This development reflects the growing interest of traditional market structures, including clearing houses, in embracing the digital domain. Regulatory bodies’ increasing openness to emerging technologies has further fueled this inclination. Euroclear’s embrace of DLT in asset issuance represents a significant advancement, positioning the company as a fully digital and data-enabled Financial Market Infrastructure.
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