Canada Issues First Tokenized Bond in Bank of Canada DLT Pilot

The Bank of Canada announced the successful completion of Project Samara, a pilot program testing distributed ledger technology (DLT) in bond markets, which culminated in the issuance of Canada's first tokenized bond. Export Development Canada issued a $100 million CAD bond with a short maturity to a closed investor group, with the security issued, traded, and settled on a Hyperledger Fabric platform. Payments utilized wholesale central bank deposits, and the platform managed the security's full lifecycle, enabling near-instant settlement by integrating separate cash and bond ledgers. Participants noted operational improvements but also identified governance and regulatory challenges. The pilot suggests DLT can enhance settlement efficiency and reduce counterparty risk, although wider adoption faces infrastructure hurdles. This experiment joins a growing global trend of central banks and institutions exploring blockchain for traditional asset markets.

(Source：Cointelegraph)