Citi has issued its first digitally native structured note on Euroclear’s Digital Financial Market Infrastructure platform.
This marks the first digitally native structured note to be issued on Euroclear’s D-FMI and the first of its kind being offered within the wealth management industry, the companies said.
Russell Budnick, head of capital markets, investment solutions for Citi Wealth, said: “Issuing this digitally native structured note on Euroclear’s D‑FMI platform demonstrates how we can deliver traditional structured products more efficiently by leveraging distributed ledger technology while preserving the full investment profile clients expect. This marks an important step in expanding digitally native solutions across our global wealth franchise.”
This transaction represents a significant step in the ongoing digital transformation of financial markets, illustrating how DLT can be integrated into existing market structures to unlock new possibilities for various asset classes.
Isabelle Delorme, head of product strategy and innovation at Euroclear, said: “This note illustrates how trusted market infrastructure can evolve to support innovation at scale. It reflects our ambition to move digital issuance from experimentation into everyday market practice across various distribution channels, embedding digital at the core of the financial ecosystem to enable more efficient capital flows. Together with Citi, we are embedding distributed ledger technology into existing market frameworks while preserving the robustness, legal certainty and investor protections global markets depend on.”
