World Bank Issues First Blockchain Bond: An 'Important Moment' For Digital Asset Class
Portfolio Pulse from Murtuza Merchant
Euroclear has successfully settled its inaugural digital note, a World Bank offering on the Luxembourg Stock Exchange, which amassed 100 million euros ($106 million) dedicated to sustainable development initiatives. This event marks the commencement of Euroclear's digital securities settlement service. Citibank acted as the issuing and payment agency while TD Securities served as the dealer and Euroclear Bank functioned as the central securities depository for the issuer.
October 24, 2023 | 8:55 pm
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POSITIVE IMPACT
Citibank acted as the issuing and payment agency for Euroclear's inaugural digital note, a World Bank offering. This involvement in the digital asset space could potentially enhance Citibank's reputation in the sector.
Citibank's role as the issuing and payment agency for this significant digital asset transaction could potentially enhance its reputation in the digital asset space, which could positively impact its stock in the short term.
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IMPORTANCE 60
RELEVANCE 75