Odaily Planet Daily reports that in March this year, Citibank issued its first native digital structured note via Euroclear’s D-FMI tokenization platform, distributing it through its wealth management business.
On August 19, Brazil's Banco do Brasil invested $5 million through its proprietary trading division to purchase notes issued by Citigroup in a subsequent tranche of the same project. The bank stated that this transaction marked the first of its kind by a financial institution in Latin America. The notes were issued by Citigroup’s Luxembourg entity, with Citigroup’s London branch serving as the issuing and paying agent; the underlying assets were not disclosed.