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 advanced distributed ledger technology (DLT) issuance platform, has attracted considerable attention in the global financial landscape. The listing of the blockchain bond on the Luxembourg Stock Exchange has marked an important milestone in the financial industry. Citi served as the issuing and paying agent, with TD Securities acting as the dealer. Euroclear Bank, as the Central Securities Depository (CSD), has demonstrated its commitment to blockchain and digital securities settlements, cementing its central position in the transformative process.
In a significant strategic move that signals a shift in market dynamics, Euroclear, the Brussels-based securities clearing giant, has announced its entry into digital securities settlement services. This move represents Euroclear’s journey toward integrating DLT into its operational framework. By allowing clients to engage in the seamless initiation, dissemination, and finalization of fully digital international securities, Euroclear has positioned itself as a key player in the digital transformation of the financial market infrastructure. This development highlights the increasing willingness of traditional market structures, such as clearing houses, to embrace the digital domain, fueled by the growing acceptance of emerging technologies by regulatory bodies. Euroclear’s shift toward becoming a fully digital and data-enabled Financial Market Infrastructure is a significant moment in its technological adaptation and innovation journey.
Hashtags: #WorldBank #BlockchainBond #DigitalFinance #Euroclear #DLT #FinancialMarkets #DigitalTransformation #Tokenization
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