Securities settlement giant Euroclear settles digital notes issued by World Bank to raise €100 million for sustainable development activities

On October 24th, Euroclear, a securities settlement giant, settled its first digital note. This is a bond issued by the World Bank on the Luxembourg Stock Exchange, raising 100 million euros (106 million US dollars) for sustainable development activities. Citibank's issuer services department served as the issuer and payment agent, TD Securities served as the dealer, and Euroclear Bank served as the central securities depository for the issuer. Euroclear stated that this issuance marks the launch of its digital securities issuance service, which allows customers to issue, distribute, and settle fully digitized international securities on distributed ledger technology (DLT) or blockchain">blockchain technology.