Doha Bank issued a digital bond worth 150 million dollars.

Doha Bank issued a 150 million dollar digital bond using Euroclear’s distributed ledger infrastructure. This transaction highlights the preference for regulated distributed ledger systems for corporate tokenized debt issuance.

The bond was listed on the London Stock Exchange’s International Securities Market. The transaction took place through a licensed distributed ledger platform on the same day and was concluded swiftly.

This transaction is part of efforts to modernize the capital market infrastructure in the region. Distributed ledger technology is being integrated into existing systems to provide innovation; rather than creating new crypto-focused systems, the preference is to advance through the current structures.