Banco do Brasil Pioneers Blockchain-Based Note Trade in Latam

Banco do Brasil has made history by participating in Latam's first digital structured note trade. The bank invested $5 million from its proprietary treasury into a Digital Native Structured Note issued by Citigroup using Euroclear's Digital Financial Market Infrastructure (D-FMI) platform.

This investment is significant because it shows the advantages of blockchain-based alternatives over traditional note issuance procedures, allowing for quick cross-border investments even for institutional customers.

Banco do Brasil has committed to innovation and monitoring the transformations shaping the financial sector. Francisco Lassalvia, Vice President of Wholesale at Banco do Brasil, highlighted the relevance of implementing decentralized digitization tech in financial markets, stating it's a long-term structural trend.