PANews, September 6: According to Ledger Insights, in March of this year, Citibank issued the first native digital structured note on Euroclear’s D-FMI tokenization platform, targeting its wealth management distribution channels. Today, Banco do Brasil, a state-controlled bank in Brazil, announced it has invested $5 million in a subsequent note from the same Citibank initiative. The Brazilian bank stated that this transaction marks the first such case by a financial institution in Latin America. Banco do Brasil made the investment on August 19 through its proprietary trading desk, deploying its own capital rather than investing on behalf of clients. Citigroup issued the structured note through its Luxembourg entity, with its London branch serving as the issuing and paying agent. The underlying reference asset for the structured note has not been disclosed.
Citibank Issues Tokenized Structured Notes, Banco do Brasil Invests $5M
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Summary
In March 2026, Citibank launched its first tokenized structured notes on Euroclear’s D-FMI platform, targeting wealth management clients. On August 19, Banco do Brasil, a Brazilian state-owned bank, invested $5 million in subsequent notes from the project, marking the first such announcement from Latin America. The investment was made using the bank’s own funds, with Citigroup issuing the notes through its Luxembourg entity and its London branch handling issuance. The underlying assets remain undisclosed, but the move adds momentum to on-chain developments in tokenized finance.
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