Euroclear launches digital securities issuance service, settles World Bank bond
The settlement service is far from the first to issue digitalized securities, but it is a significant step because of its size. Euroclear has launched a digital securities issuance service and settled a 100-million-euro ($106 million) digital World Bank bond. This is the first step in the Brussels-based settlement house’s digital infrastructure strategy, it said. The three-year bond, which is being called a digitally native note, was issued by World Bank lending arm International Bank for Reconstruction and Development to raise funds for sustainable development. It was listed on the Luxembourg Stock Exchange and was completed on Oct. 23. Related: Europe drives institutional crypto adoption: Blockchain Expo Amsterdam Euroclear’s digital infrastructure is connected to its traditional platform for secondary operations and is compliant with the European Union’s Central Securities Depositories Regulation. It operates on R3’s Corda blockchain technology. World Bank Group managing dir...