Euroclear has enabled Türkiye’s first digitally native bond issuance through its blockchain-based Digital Financial Market Infrastructure (D-FMI).
The $100m note was issued by Türkiye İş Bankası (İşbank), with the International Finance Corporation as sole investor and Citi acting as dealer and issuing and paying agent.
Proceeds from the issuance will support recovery and rebuilding efforts in Türkiye’s earthquake-affected regions, with a focus on expanding access to finance for small businesses, farmers and entrepreneurs.
“This transaction highlights the potential of digital securities to drive more efficient capital flows,” said Isabelle Delorme, head of product Strategy and innovation at Euroclear. “It demonstrates how digital innovation and sustainable finance can go hand in hand, while maintaining the same regulatory certainty, liquidity, and settlement efficiency as traditional bonds.”
Euroclear has been steadily building its digital credentials, having launched its first DNN with the World Bank in 2023. It has since supported similar issuances by the Asian Infrastructure Investment Bank.
