Standard Chartered issues $200m digital notes on Euroclear D-FMI

Standard Chartered has issued USD 200 million of three-year floating-rate digitally native notes on Euroclear’s Digital Financial Market Infrastructure (D-FMI), becoming the first Global Systemically Important Bank and the first UK issuer to use the platform.

The notes were created using distributed ledger technology inside Euroclear’s regulated market infrastructure while remaining linked to established issuance, settlement and servicing processes. Standard Chartered acted as sole dealer for the offering. The bank has applied for the notes to be admitted to trading on the International Securities Market of the London Stock Exchange.

The paper carries a floating interest rate and matures in three years. The issue forms part of Standard Chartered’s funding programme and is intended to show how digital issuance can operate alongside traditional market workflows and liquidity channels.

Euroclear’s D-FMI records the digital securities on a distributed ledger and maintains interoperability with existing custody and settlement systems. The platform is designed to let regulated market participants issue, settle and service digital securities and to support tokenised real-world assets and connections with trading venues and investor workflows.

Standard Chartered has participated in previous digital debt transactions. The bank acted as Joint Digital Structurer and Joint Lead Manager for Emirates NBD’s AED 1 billion digitally native bond on Euroclear’s D-FMI and served as Sole Lead Manager for Doha Bank’s USD 150 million digital bond, which featured instant settlement.

According to Vikash Mistry, Deputy Group Treasurer at Standard Chartered, the issuance reflects the bank’s focus on modernising funding capabilities through adoption of new technologies. Ankur Prakash, Head of Digital and Strategic Initiatives, Global Banking at Standard Chartered, added that the deal reflects growing interest from issuers, investors and market participants in using distributed ledger technology to digitise financial assets. Sebastien Danloy, Chief Business Officer at Euroclear, described the transaction as an example of integrating digital issuance with the scale and connectivity of today’s markets and said it enables access to greater efficiency and transparency while preserving established liquidity channels and regulatory frameworks.