Standard Chartered issues $200M in digital notes on Euroclear's blockchain platform
What's the deal? Standard CharteredDealroom has a profile for this one. Try Dealroom → has issued $200 million of three-year floating-rate digitally native notes on EuroclearDealroom has a profile for this one. Try Dealroom →'s Digital Financial Market Infrastructure (D-FMI), according to the announcement.
Why now? The issuance makes Standard Chartered the first global systemically important bank and first UK issuer to use Euroclear's D-FMI, connecting distributed-ledger technology with established capital-markets infrastructure.
The signal: The transaction shows how digital-native debt instruments are moving into live institutional issuance, while retaining the structure of a conventional three-year floating-rate note.
Read more: The Asset