Banco do Brasil has invested $5 million in a digitally native structured note issued through Citi on Euroclear’s blockchain infrastructure, according to Techub News. The bank said the deal marks the first time an institution in Latin America has taken part in a transaction of this kind. The trade adds to a growing list of cases in which traditional financial institutions are using blockchain-based systems for the issuance and investment of digital securities. Euroclear’s blockchain platform is designed to improve the efficiency and transparency of securities settlement. Crypto.news was cited in the item carried by Techub.
Banco do Brasil invested $5 million in a digitally native structured note issued through Citigroup on Euroclear’s blockchain infrastructure, according to Techub News.
The bank said the transaction was the first of its kind involving an institution from Latin America.
The deal is another example of traditional financial institutions using blockchain technology for the issuance of digital securities and related investments. Euroclear’s blockchain platform is intended to improve the efficiency and transparency of securities settlement.
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