Banco Do Brasil Makes Latam’s First Digital Structured Note Trade
Covered by 2 sources · 2 articles
Banco do Brasil executed a $5 million purchase of a structured note issued by Citi, settling the trade on Euroclear's blockchain infrastructure. The Brazilian lender characterized the deal as Latin America's first institutional investment in a digitally native structured note, marking an entry point for traditional finance into blockchain-based investment instruments in the region.
The transaction signals institutional appetite for blockchain settlement in a market where such infrastructure remains nascent. The trade's completion on Euroclear's system suggests momentum toward standardizing how legacy finance institutions interact with distributed ledger technology for capital markets operations across Latam.
- Banco do Brasil's $5M note purchase represents the first institutional structured note trade on blockchain infrastructure in Latin America, executed through Euroclear's system.
- The deal opens a pathway for broader adoption of digitally native investment instruments in the region, pending standard-setting work.
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Banco do Brasil makes first digital note investment in $5M Citi deal
Banco do Brasil has invested in a $5 million digitally native structured note issued by Citi on Euroclear’s blockchain-based infrastructure, completing what the lender described as the first transaction of its kind involving a Latin America…
Banco Do Brasil Makes Latam’s First Digital Structured Note Trade
The transaction, which the institution claims is the first of its kind in Latam, pioneers institutional investment in blockchain-based investment instruments and opens the door to expanding these activities, fostering the creation of standa…