Today Euroclear announced the first bond issuance using its DLT issuance platform. It was a €100 million digitally native note (DNN) issued by the World Bank’s lending arm, the International Bank for Reconstruction and Development (IBRD).
The digital bond is listed on the Luxembourg Stock Exchange. Citi acted as issuing and paying agent, TD Securities as dealer, and Euroclear Bank as the Central Securities Depository (CSD).
Euroclear’s Digital Financial Market Infrastructure (D-FMI) is linked to the conventional settlement platform and is CSDR compliant. Without the linkage, the D-FMI would create a silo. By integrating with the conventional platform it means investors who don’t yet support digital securities can nonetheless invest. And investors have access to trading venues and liquidity management. As a fast follower, Euroclear gets to learn from others.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
