ChainCatcher report: Banco do Brasil, a Brazilian bank, has announced a $5 million proprietary investment 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 Structured Note Trade, First in Latin America
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Summary
Banco do Brasil executed a $5 million digital structured note trade with Citi, settled via Euroclear—the first of its kind in Latin America. The transaction uses blockchain for native digitization and faster settlement, enabling new asset management models. The bank has advocated for digital asset regulation and tested Brazil’s central bank digital currency. MiCA may shape future frameworks as Latin American banks explore tokenized finance.
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