Last updated on November 2, 2023
The World Bank International Bank for Reconstruction and Development (IBRD) has made a groundbreaking move in the world of blockchain and digital finance. They have issued a €100 million digitally native note (DNN) using Euroclear’s distributed ledger technology (DLT) issuance platform. This event has been highly influential in the global financial industry. The blockchain bond has been listed on the Luxembourg Stock Exchange, marking a significant milestone. Citi acted as the issuing and paying agent, while TD Securities took on the role of the dealer. Euroclear Bank, the Central Securities Depository (CSD), has solidified its position in the digital securities settlement process, demonstrating its commitment to blockchain technology.
In another significant development, Euroclear, the Brussels-based securities clearing giant, has entered the world of digital securities settlement services. This move signifies Euroclear’s embrace of distributed ledger technology (DLT) and its commitment to integrating it into their operations. The introduction of fully digital international securities allows clients to seamlessly engage in the initiation, dissemination, and finalization of transactions. This move highlights the growing trend of traditional market structures, like clearing houses, embracing the digital domain. Regulatory bodies are also becoming more open to emerging technologies. Euroclear’s embrace of DLT is a pivotal moment in their journey to becoming a fully digital and data-enabled Financial Market Infrastructure. This development aligns with the overarching trend of global Central Securities Depositories (CSDs) positioning themselves for the upcoming wave of tokenization.
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– #WorldBank
– #DigitalFinance
– #Blockchain
– #Euroclear
– #DLT
– #DigitalSecurities
– #FinancialMarketInfrastructure
– #Tokenization
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