The investment marks the first transaction of its kind in Latin America as Citi expands its use of DLT for structured products
Banco do Brasil has invested US$5 million in a digitally native structured note issued by Citigroup Global Markets Funding Luxembourg, marking what the Brazilian bank describes as the first transaction of its kind in Latin America. The investment was made through Banco do Brasil’s proprietary treasury on 19 August and involved a note issued on Euroclear’s Digital Financial Market Infrastructure (D-FMI) platform, which uses distributed ledger technology (DLT) for the issuance, regist