Euroclear and World Bank collaborate on €100 million digital bond issuance via blockchain
Euroclear has joined forces with the World Bank to unveil a novel tokenized securities issuance service, marked by a €100 million digital bond issuance, aiming to integrate DeFi technology into TradFi services and enhance efficiency, transparency and accessibility. Euroclear, a major European clearinghouse, has collaborated with the World Bank to launch a tokenized securities issuance service. This initiative was marked by the issuance of a €100 million , $106 million , digital bond, as revealed in a press release on Tuesday. Euroclear’s Digital Securities Issuance (D-SI) unit is at the forefront, facilitating the issuance, distribution, and settlement of fully digital financial assets through distributed ledgers. Distributed ledgers are unique in their structure, as they allow each participant, or node, in a network to hold and update a database independently. The World Bank Group’s International Bank for Reconstruction and Development (IBRD) is utilizing this bond to channel ...