Is Bank Pioneers Türkiye’s First Blockchain-Based Bond

Turkey's largest private bank issues $100m digital bond on Euroclear's D-FMI - Ledger Insights - blockchain for enterprise

Türkiye İş Bankası (İşbank) has issued a $100 million digital native note (DNN) on Euroclear’s D-FMI distributed ledger technology (DLT) infrastructure, with the International Finance Corporation (IFC), part of the World Bank Group, as the sole investor. The proceeds from the digital bond will finance small and medium enterprises and farmers affected by the 2023 […] The post Turkey’s largest private bank issues $100m digital bond on Euroclear’s …

Is Bank Pioneers Türkiye’s First Blockchain-Based Bond

Türkiye’s largest private financial institution, İş Bankası, has taken a significant leap in the country’s financial history by announcing the issuance of its first blockchain-based bond, valued at $100 million. This move marks a key development not only for Türkiye’s banking sector but also for emerging markets exploring the integration of blockchain in capital market transactions. As revealed in the bank’s statement, the newly issued financial…