Doha Bank Issues $150 Million Digital Bond Using Euroclear's DLT Platform
Doha Bank has issued a $150 million digital bond that was settled instantly (T+0) on Euroclear’s permissioned distributed ledger infrastructure, with the bond listed on the London Stock Exchange International Securities Market. This transaction used regulated distributed ledger technology (DLT), rather than public blockchains, to facilitate institutional tokenized debt and demonstrate same-day settlement through Euroclear Digital Financial Market Infrastructure. Standard Chartered acted as the sole global coordinator and sole arranger, managing the structuring, execution, and distribution of the bond.
This issuance is part of a broader regional effort in the Middle East and Asia to modernize capital markets by integrating DLT into existing settlement and custody systems. Euroclear’s DLT platform offers regulated access, legal finality, and compatibility with international market standards, catering to institutional investors. The move follows interoperability examples in the region, such as HSBC's Orion platform for sovereign and corporate digital bonds and JPMorgan's Onyx (Kinexys) platform for bank-issued debt, both of which integrate with existing post-trade infrastructure.
Salman Ansari, Doha Bank's global head of capital markets, highlighted growing client demand for digital issuance and accompanying efficiency gains. Sebastien Danloy, Euroclear's chief business officer, emphasized that same-day execution and settlement are now achievable through a neutral, regulated DLT aligned with market standards.
