Permissioned Distributed Ledger Enables Same-Day Settlement on Regulated Infrastructure
Doha Bank has successfully issued a $150 million digital bond using Euroclear’s distributed ledger technology (DLT) platform, marking a significant milestone in the evolution of regulated digital capital markets. The transaction highlights a growing institutional preference for permissioned DLT systems over public blockchains when issuing tokenized debt.
The digitally native bond was listed on the London Stock Exchange’s International Securities Market and achieved T+0 (same-day) settlement, a notable efficiency gain compared to traditional settlement cycles. Settlement was completed via Euroclear’s Digital Financial Market Infrastructure, operated by a central securities depository and designed specifically for regulated financial markets.
The structure enabled instant settlement, automated recordkeeping, and legal finality, while maintaining compatibility with existing custody, clearing, and compliance frameworks. This approach allows issuers to benefit from tokenization without introducing regulatory uncertainty.
The transaction reflects a broader regional strategy across the Middle East and Asia to modernize capital markets by integrating DLT into existing financial infrastructure, rather than building parallel crypto-native systems. Permissioned ledgers provide controlled access, regulatory oversight, and institutional-grade assurance, making them suitable for large-scale bond issuance.
The deal adds to a rising number of live digital bond issuances, signaling that tokenization is moving beyond pilot projects and into real-world capital markets, driven by demand for faster settlement, reduced friction, and operational efficiency.
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