ME News reports that on September 4 (UTC+8), Banco do Brasil completed a digitally native structured note transaction with Citibank and Euroclear, investing $5 million of its own funds. The note was issued via Euroclear’s Digital Financial Market Infrastructure (D-FMI). Banco do Brasil stated that this technology enables native digitalization of assets, streamlines operational processes, enhances transaction traceability, and lays the foundation for new models of trading, settlement, and asset management. (Source: Foresight News)
Brazil's Banco do Brasil Completes First Native Digital Structured Note Deal in Latin America
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Summary
Banco do Brasil executed the first native digital structured note transaction in Latin America on September 4, in partnership with Citigroup and Euroclear. The bank invested $5 million of its own funds through Euroclear’s digital financial market infrastructure. This initiative supports asset digitization in the digital assets market, enhances transaction traceability, and increases transaction volume efficiency. The bank stated that the technology paves the way for new settlement and asset management models.
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