Banco do Brasil, a Brazilian state-owned bank, has invested $5 million to purchase tokenized structured notes issued by Citigroup via Euroclear's D-FMI platform. The transaction, executed on August 19, marks the first such investment by a Latin American financial institution, according to the bank. Citigroup first issued native digital structured notes in March through the same platform. The notes are issued by a Citigroup Luxembourg entity, with Citigroup London branch acting as issuing and paying agent. The reference asset remains undisclosed.
Banco do Brasil, a Brazilian state-owned bank, has invested $5 million to purchase tokenized structured notes issued by Citigroup through Euroclear's D-FMI platform. The transaction, executed on August 19, marks the first such investment by a Latin American financial institution, according to the bank.
Citigroup issued its first native digital structured note in March through the same platform, targeting its wealth management clients. The notes are issued by a Citigroup Luxembourg entity, with Citigroup's London branch acting as issuing and paying agent. The reference asset remains undisclosed.
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