Doha Bank has successfully issued its inaugural USD 150 million Floating Rate Digitally Native Note (DNN) on Euroclear’s Digital Financial Market Infrastructure (D-FMI), achieving T+0 settlement in the primary market.

Euroclear’s D-FMI facilitates the issuance, distribution and settlement of fully digital international securities using Distributed Ledger Technology (DLT).

Built on DLT, the DNN delivers enhanced transparency, decentralised record-keeping and operational efficiency. The instant settlement demonstrates the real-world potential of digital-market infrastructure to shorten settlement cycles while laying the foundation for frictionless capital markets transactions.

Euroclear’s D-FMI platform seamlessly integrates with traditional systems, ensuring full CSDR compliance and providing access to established liquidity tools and trading venues. Euroclear has built a track record in digital issuances, having launched the first one in 2023 with the World Bank. Since then, Euroclear has facilitated several other digital issuances with a total worth of EUR 950 million.

The Korean financial institution Hana Securities acted as the sole investor. Standard Chartered Bank acted as the Sole Global Coordinator and Sole Arranger, leading the structuring, execution and distribution of this pioneering digital issuance. The note has been listed and admitted for trading on the London Stock Exchange’s International Securities Market. Citi is issuing and paying agent on the digital issuance.

Sebastien Danloy, Chief Business Officer, Euroclear said:

“We are honoured to support Doha Bank’s DNN issuance. This transaction demonstrates that instant execution and settlement are achievable through a neutral, regulated DLT infrastructure that aligns with established market standards – reducing friction and time while maintaining the level of assurance expected by issuers and investors. Equally important, integration with traditional secondary-market services and trading venues ensures that investors retain access to liquidity. As similar transactions progress across global markets, Qatar is helping to set a steady pace for digital issuance within the GCC – providing a clear reference point for market participants in the region.”

“The successful issuance of Doha Bank’s inaugural DNN marks a significant milestone in our strategy to diversify and strengthen our funding base,” said Sheikh Abdulrahman Bin Fahad Al-Thani, Group CEO, Doha Bank. “By achieving one of the region’s first real-time T+0 settlements and leveraging Euroclear’s D-FMI, we are embracing innovation that enhances efficiency, deepens market access, attracts new investors and reinforces confidence in Qatar as a forward-looking financial hub. This achievement reflects strong global investor appetite for Qatar and aligns closely with the Qatar Central Bank’s Third Financial Sector Strategy and the Government’s vision to advance digital transformation resilience and competitiveness of the Qatari capital market. We thank Standard Chartered for their exceptional partnership and we are pleased to collaborate with Hana Securities, Euroclear and the London Stock Exchange on this landmark issuance.”

Maria Nikolova

Maria has been engaged in journalism for more than 17 years, providing Forex industry coverage for the past 10 years. Before joining FNG she was Managing Editor at FinanceFeeds. Prior to that, she worked at LeapRate. Maria has a Philosophy degree from the St. Kliment Ochridski university in Sofia. She has specialized in Cognitive Science in Vienna. Her interests include psychology, AI, and linguistics.