Standard Chartered Issues Digitally Native Notes on Euroclear D-FMI

Standard Chartered has announced the issuance of a USD 200 million three-year floating-rate digitally native notes, marking a significant milestone in the development of digital capital markets. This transaction demonstrates how distributed ledger technology can be embedded within existing market infrastructure to support more efficient and interoperable issuance processes.

Introduction to Digital Notes

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. Standard Chartered acted as sole dealer for the offering, and application has been made for the notes to be admitted to trading on the International Securities Market of the London Stock Exchange.

Benefits of Digital Issuance

According to Vikash Mistry, Deputy Group Treasurer at Standard Chartered, this transaction reflects the bank's continued focus on modernising its 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, Standard Chartered is demonstrating how digital issuance can be integrated into an established funding programme while maintaining connectivity with trusted international market infrastructure and investor workflows.

Market Impact

The significance of this transaction extends beyond a single issuance, as it represents another important step towards mainstream institutional adoption of digital capital markets infrastructure. Ankur Prakash, Head of Digital and Strategic Initiatives at Standard Chartered, commented that the bank is 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.

Industry Reaction

Sebastien Danloy, Chief Business Officer at Euroclear, said that 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 regulatory frameworks that underpin global capital markets.

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