Standard Chartered becomes first G-SIB to issue digitally native notes on Euroclear’s D-FMI

The landmark issuance marks another milestone in the development of digital capital markets and reinforces Standard Chartered’s commitment to advancing digital asset innovation

London, Singapore – Standard Chartered today announced the issuance of a USD 200 million three-year floating-rate digitally native notes (DNNs), becoming the first Global Systemically Important Bank (G-SIB) and the first UK Issuer to issue on Euroclear’s Digital Financial Market Infrastructure (D-FMI). Application has been made for the notes to be admitted to trading on the International Securities Market of the London Stock Exchange.

The notes were issued using distributed ledger technology through Euroclear’s D-FMI, which enables the issuance of digital international securities within a regulated market infrastructure environment, while maintaining connectivity to established issuance, settlement and servicing processes. Standard Chartered acted as sole dealer for the offering.

The transaction marks an important step in the continued development of digital capital markets, demonstrating how distributed ledger technology can be embedded within existing market infrastructure to support more efficient and interoperable issuance processes. It also builds on Standard Chartered’s experience supporting clients on pioneering digital bond transactions and extends that capability to the Bank’s own funding programme.

Vikash Mistry, Deputy Group Treasurer, Standard Chartered, said: “This transaction reflects our continued focus on modernising the Bank’s funding capabilities through the responsible adoption of new technologies. By becoming the first G-SIB to issue digitally native notes on Euroclear’s D-FMI, we are demonstrating how digital issuance can be integrated into an established funding programme while maintaining connectivity with trusted international market infrastructure and investor workflows. Having previously supported clients on digital bond issuances, we are pleased to now apply those capabilities to our own funding activities, helping advance a more scalable and repeatable model for digitally native debt issuance.”

Ankur Prakash, Head of Digital and Strategic Initiatives, Global Banking, Standard Chartered, commented: “The significance of this transaction extends beyond a single issuance. As the first G-SIB-issued digitally native notes on Euroclear’s D-FMI, it represents another important step towards mainstream institutional adoption of digital capital markets infrastructure. We are seeing growing interest from issuers, investors and market participants in how distributed ledger technology can support the digitisation of financial assets and improve efficiency across the capital markets value chain. As both an arranger of digital bond transactions and an active participant in the development of digital asset ecosystems, Standard Chartered remains committed to supporting the growth of tokenised real-world assets and helping bridge traditional financial markets with emerging digital infrastructure.”

Sebastien Danloy, Chief Business Officer at Euroclear, said: “The future of digital capital markets will be built by bringing innovation with the trust, scale and connectivity of today’s markets together. This transaction demonstrates how digitally native issuance can be seamlessly integrated into Euroclear’s financial market infrastructure, enabling issuers and investors to benefit from greater efficiency and transparency while maintaining access to established liquidity channels, trading venues and the regulatory frameworks that underpin global capital markets.”

Standard Chartered has played key roles in several landmark digital debt capital markets transactions globally. These include acting as Joint Digital Structurer and Joint Lead Manager for Emirates NBD’s AED 1 billion digitally native bond issued on Euroclear’s D-FMI, as well as being the Sole Lead Manager supporting Doha Bank’s USD 150 million digital bond issuance with instant settlement. Through these transactions, Standard Chartered has provided issuers with access to innovative digital infrastructure while contributing to the continued development of the digital capital market.

For further information please contact:

Josephine Wong
Group Media Relations
Standard Chartered
+65 6981 1514

Disclaimer

The Digitally Native Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States. The Digitally Native Notes may not be offered or sold within the United States or to or for the account or benefit of U.S. persons (as defined in Regulation S under the Securities Act (“Regulation S”)), except to certain persons in transactions outside the United States in reliance on Regulation S.