Euroclear, in collaboration with the World Bank, has introduced a groundbreaking tokenized securities issuance service. This move was inaugurated by a digital bond worth €100 million ($106 million), as announced on Tuesday.
Euroclear's Digital Securities Issuance (D-SI) division is leading this innovation, enabling the creation, dispersal, and conclusion of completely digitalized financial assets via distributed ledger technology (DLT). DLTs stand out due to their design, permitting each network member, or node, to independently manage and update a database.
The bond, issued by the World Bank Group's International Bank for Reconstruction and Development (IBRD), is geared towards funding sustainable development projects. Its listing on the Luxembourg Stock Exchange demonstrates its relevance in established financial arenas.
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First found on: Euroclear and World Bank Launch Groundbreaking €100 Million Digital Bond
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