Doha Bank (Qatar) successfully issued a digital bond worth 150 million USD, utilizing Euroclear's distributed ledger technology (DLT) infrastructure. The bond is listed on the London Stock Exchange and is particularly settled on the same day (T+0).
A notable point is that this transaction does not use public blockchains like Ethereum, but employs a "permissioned" (private, controlled network) DLT, suitable for the requirements of traditional financial markets. This approach leverages the benefits of tokenization (faster, more automated) while still ensuring legal compliance, safety, and familiarity for institutional investors.
Standard Chartered played the role of coordinator and arranger for the entire deal. Euroclear provides the DLT infrastructure, enabling immediate recording, custody, and settlement of the digital bonds, instead of taking several days as before. (
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Doha Bank (Qatar) successfully issued a digital bond worth 150 million USD, utilizing Euroclear's distributed ledger technology (DLT) infrastructure. The bond is listed on the London Stock Exchange and is particularly settled on the same day (T+0).
A notable point is that this transaction does not use public blockchains like Ethereum, but employs a "permissioned" (private, controlled network) DLT, suitable for the requirements of traditional financial markets. This approach leverages the benefits of tokenization (faster, more automated) while still ensuring legal compliance, safety, and familiarity for institutional investors.
Standard Chartered played the role of coordinator and arranger for the entire deal. Euroclear provides the DLT infrastructure, enabling immediate recording, custody, and settlement of the digital bonds, instead of taking several days as before.
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