It represents the market’s first multi-dealer led, primary issuance registration and settlement of digitally native tokens using public blockchain technology.
Following similar initiatives in China and Japan, Euroclear teams up with the Singapore Exchange to broaden the market’s investor base.
The development follows similar initiatives involving Euroclear and local market infrastructures in both China and Japan.
The two market infrastructures have teamed up to launch Yulan bonds, connecting global investors to Chinese issuers without navigating China’s settlement system.
The investment is the latest in a number of ventures made by Clearstream in the digital asset space.
European asset managers in Ireland are faced with the challenge of moving to alternative ETF issuance and settlement models in order to limit the impact of Brexit.
The partnership will mark the first end-to-end digitisation effort focusing on the Asian bond markets.