Last updated on November 2, 2023
The World Bank International Bank for Reconstruction and Development (IBRD) has made a significant breakthrough in the field of blockchain and digital finance by issuing a groundbreaking €100 million digitally native note (DNN). This historic event, facilitated by Euroclear’s cutting-edge distributed ledger technology (DLT) issuance platform, has attracted international attention in the financial industry. The issuance of the blockchain bond on the Luxembourg Stock Exchange marks a major milestone, with Citi serving as the issuing and paying agent, and TD Securities as the dealer. Euroclear Bank, acting as the Central Securities Depository (CSD), has solidified its position in the transformation of the industry, demonstrating its commitment to blockchain and digital securities settlements.
Euroclear, a Brussels-based securities clearing giant, has announced its entry into digital securities settlement services, signaling a paradigm shift in market dynamics. This strategic move highlights Euroclear’s journey toward integrating DLT into its operational framework, allowing clients to seamlessly engage in the initiation, dissemination, and finalization of fully digital international securities. By embracing digital transformation, Euroclear has become a key player in the digitalization of financial market infrastructure. This trend reflects the growing willingness of traditional market structures, including clearing houses, to incorporate emerging technologies, driven in part by the increasing receptivity of regulatory bodies. Euroclear’s CEO, Lieve Mostrey, emphasized the significance of this transition in revolutionizing the company’s ecosystem and position as a fully digital and data-enabled Financial Market Infrastructure.
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