Banco Do Brasil Completes First Digital Native Structured Note Transaction

Banco do Brasil has completed a 5 million dollar digital native structured note transaction, marking the first of its kind in Latin America.

The transaction was executed through the Euroclear digital financial market infrastructure platform and was issued by Citi. Banco do Brasil invested in the notes using its own funds.

'This deal showcases the potential of blockchain technology to enable asset origination and reduce operational costs while increasing transparency,' said Franscisco Lassalvia, Vice President of Wholesale Banking at Banco do Brasil.

Roksolana Dushynska, Global Markets Issuance Structured Products Manager at Citi, stated that distributed ledger technology can improve capital market efficiency, transparency, and investor access.