Doha Bank Issues $150M Digital Bond With Instant Settlement
Summary
Doha Bank successfully completed a $150 million digital bond issuance, achieving same-day (T+0) settlement via Euroclear’s permissioned Distributed Ledger Technology (DLT) infrastructure, which is integrated with the London Stock Exchange’s International Securities Market. This transaction highlights a regional trend favoring regulated DLT systems over public blockchains for institutional tokenized debt, prioritizing regulatory control, legal finality, and integration with existing custody systems. Standard Chartered acted as the sole global coordinator and arranger for the deal. Officials noted the issuance demonstrates tangible efficiencies and the increasing appetite for next-generation capital market capabilities while aligning with established market standards.
(Source:CoinDesk)