Doha Bank issued a digital bond worth 150 million dollars.

Doha Bank issued a digital bond worth 150 million dollars using the distributed ledger infrastructure of Euroclear. This transaction highlights the preference for regulated distributed ledger systems for institutional 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 and was completed quickly on the same day.

This transaction draws attention as 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 progress through existing structures.