Citi acted as issuing and paying agent for Hana Bank’s first $100 million digital bond, issued through Euroclear’s Digital Financial Market Infrastructure (D-FMI) platform. Issuance and settlement were completed the same day on a T+0 basis, making it the first foreign-currency bond from a South Korean bank to be brought to market through the platform and settled on that basis. The bond was also the first digital bond listed on the Singapore Exchange. Citi managed the issuance, settlement and delivery of the digital bond to dealers, while Euroclear Bank distributed it to investors. The transaction illustrates how distributed ledger technology is linking digital bond issuance with established financial-market infrastructure, Citi said.