Doha Bank Issues $150M Digital Bond Using Euroclear’s DLT Platform

Doha Bank has completed a $150 cardinal integer enslaved that settled instantly connected Euroclear’s distributed ledger infrastructure, underscoring however regulated DLT systems, not nationalist blockchains, are becoming the preferred rails for organization tokenized debt.

The Qatari lender listed its digitally autochthonal notes connected the London Stock Exchange’s International Securities Market, achieving same-day colony done Euroclear’s Digital Financial Market Infrastructure, a permissioned DLT level operated by a cardinal securities depository.

Standard Chartered served arsenic the sole planetary coordinator and sole arranger connected the deal, starring the structuring, execution, and organisation of Doha Bank’s $150 cardinal integer bond.

A increasing fig of banks and regulators crossed the Middle East and Asia are adopting permissioned distributed ledger exertion (DLT) platforms for integer enslaved issuance to guarantee regulatory control. Meanwhile, selective usage cases, specified arsenic DBS’s tokenized structured notes connected Ethereum, amusement that nationalist blockchains are besides being deployed wherever capitalist access, programmability, and marketplace plan marque openness viable.

"Doha Bank’s debut integer enslaved issuance underscores the tangible, real-world efficiencies that cutting-edge integer infrastructure is delivering for superior markets, and the expanding appetite among our clients for this next-gen capableness and execution,” said Salman Ansari, the bank’s planetary caput of superior markets, successful a release.

Unlike nationalist blockchains, which are unfastened networks, Euroclear’s DLT is designed for regulated superior markets, offering controlled access, ineligible finality, and integration with existing custody and colony systems.

That operation allows issuers to seizure the ratio gains of tokenization, specified arsenic T+0 colony and automated grounds keeping, portion remaining compatible with planetary marketplace standards and organization capitalist requirements.

"This transaction demonstrates that same-day execution and colony are achievable done a neutral, regulated DLT infrastructure that aligns with established marketplace standards – reducing friction and clip portion maintaining the level of assurance expected by issuers and investors," Sebastien Danloy, main concern serviceman astatine Euroclear, said.

The transaction sits wrong a broader determination propulsion to modernize superior markets infrastructure alternatively than to make parallel crypto-native systems.

Orion, developed by HSBC, has been utilized for sovereign and firm integer bonds successful Hong Kong, mainland China, and the Middle East, and is designed to integrate straight with existing post-trade infrastructure specified arsenic Euroclear, Clearstream, and Hong Kong’s Central Moneymarkets Unit.