According to Huoxing Finance, Banco do Brasil announced an investment of $5 million in a digitally native structured note issued by Citi and settled via the Euroclear digital financial market infrastructure platform, marking the first such transaction in Latin America. Banco do Brasil stated that blockchain technology enables native digitalization of assets, reduces operational steps, and enhances transaction traceability, laying the foundation for new models of trading, settlement, and asset management. The bank noted that this investment aligns with its ongoing focus on changes in the financial industry. Francisco Lassalvia, Deputy Head of Wholesale Banking at Banco do Brasil, said that decentralized digital technologies have become a long-term structural trend in financial markets. Roksolana Dushynska, Global Markets Product Manager for Equity Structured Issuance at Citi, highlighted that distributed ledger technology improves efficiency, transparency, and investor accessibility in capital markets. Previously, Banco do Brasil participated in the Brazilian Central Bank’s digital currency Drex pilot and proposed an offline payment solution. The bank is majority-owned by the Brazilian federal government and is listed on Brazil’s securities market.
Banco do Brasil Completes $5M Digital Native Structured Note Trade in Latin America’s First
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Summary
Banco do Brasil completed a $5 million digital-native structured note transaction via Citi and Euroclear, marking Latin America’s first such deal. The bank emphasized blockchain’s role in digitizing assets, reducing operational steps, and enhancing traceability, in alignment with evolving digital asset regulations. Banco do Brasil’s Lassalvia noted that decentralized technologies represent a long-term market trend. Citi’s Dushynska added that distributed ledgers enhance efficiency and transparency in capital markets. The bank has also participated in Brazil’s Drex CBDC pilot and proposed offline payment solutions. As MiCA shapes EU crypto regulations, Banco do Brasil’s move reflects growing institutional confidence in digital finance.
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