Bank of Canada and Major Banks Complete Tokenized Bond Pilot Testing Blockchain Issuance and Settlement

The Bank of Canada, along with major Canadian financial institutions, successfully completed Project Samara, testing blockchain-based issuance, trading, and settlement of a C$100 million tokenized bond. Export Development Canada issued the bond, while RBC and TD Securities participated. The test also utilized digital wholesale Canadian dollars for on-chain settlement, demonstrating blockchain's potential in modernizing capital markets.

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