Citigroup Global Markets Funding Luxembourg has issued the first digitally native structured note governed by English law on Euroclear’s Digital Financial Market Infrastructure (D‑FMI) platform.
Isabelle Delorme, Euroclear’s head of product strategy and innovation, said the transaction marks a step toward bringing digital issuance into mainstream capital markets.
“It reflects our ambition to move digital issuance from experimentation into everyday market practice across various distribution channels, embedding digital at the core of the financial ecosystem to enable more efficient capital flows. Together with Citi, we are embedding distributed ledger technology into existing market frameworks while preserving the robustness, legal certainty and investor protections global markets depend on,” she said.
Russell Budnick, head of Capital Markets, Investment Solutions for Citi Wealth, said the issuance demonstrates how digital tools can streamline traditional products without altering their investment characteristics.
“Issuing this digitally native structured note on Euroclear’s D‑FMI platform demonstrates how we can deliver traditional structured products more efficiently by leveraging distributed ledger technology while preserving the full investment profile clients expect,” he said.
