Securities settlement giant Euroclear settles first World Bank-issued blockchain note

Securities settlement giant Euroclear has settled its first digital note, a note issued by the World Bank on the Luxembourg Stock Exchange, to raise €100 million ($106 million) for sustainable development activities. Citibank Issuer Services is acting as the issuing and paying agent, TD Securities is acting as the dealer, and Euroclear Bank is acting as the issuer's central securities depository. Euroclear said the issuance marks the launch of its digital securities issuance service, which allows clients to issue, distribute and settle fully digital international securities on distributed ledger technology (DLT) or blockchain technology. Euroclear's digital platform is connected to its main settlement system, processing trillions of euros of securities from around the world, and is fully compliant with the EU's settlement system rules. (Reuters)