Doha Bank Issues $150M Digital Bond Using Euroclear’s DLT Platform

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Doha Bank Issues $150M Digital Bond Using Euroclear’s DLT Platform The deal achieved T+0 settlement on a permissioned distributed ledger rather than a public blockchain, reflecting a growing regional shift toward regulated digital bond infrastructure. By Sam Reynolds | Edited by Omkar Godbole Dec 15, 2025, 6:58 a.m. Doha Bank leverages DLT for instant settlement. (Doha, Qatar/Unsplash) What to know : Doha Bank completed a $150 million digital bond using Euroclear’s distributed ledger infrastructure, highlighting a preference for regulated DLT systems over public blockchains for institutional tokenized debt. The bond was listed on the London Stock Exchange’s International Securities Market, achieving same-day settlement through a permissioned DLT platform. The transaction is part of a regional effort to modernize capital markets infrastructure by integrating DLT into existing systems rather than creating new crypto-native systems. Doha Bank has completed a $150 million digital bond that settled instantly on Euroclear’s distributed ledger infrastructure, underscoring how regulated DLT systems, not public blockchains, are becoming the preferred rails for institutional tokenized debt. The Qatari lender listed its digitally native notes on the London Stock Exchange’s International Securities Market, achieving same-day settlement through Euroclear’s Digital Financial Market Infrastructure, a permissioned DLT platform operated by a central securities depository. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Standard Chartered served as the sole global coordinator and sole arranger on the deal, leading the structuring, execution, and distribution of Doha Bank’s $150 million digital bond. A growing number of banks and regulators across the Middle East and Asia are adopting permissioned distributed ledger technology (DLT) platforms for digital bond issuance to ensure regulatory control. Meanwhile, selective use cases, such as DBS’s tokenized structured notes on Ethereum , show that public blockchains are also being deployed where investor access, programmability, and market design make openness viable. "Doha Bank’s debut digital bond issuance underscores the tangible, real-world efficiencies that cutting-edge digital infrastructure is delivering for capital markets, and the increasing appetite among our clients for this next-gen capability and execution,” said Salman Ansari, the bank’s global head of capital markets, in a release. Designed for regulated markets Unlike public blockchains, which are open networks, Euroclear’s DLT is designed for regulated capital markets, offering controlled access, legal finality, and integration with existing custody and settlement systems. That structure allows issuers to capture the efficiency gains of tokenization, such as T+0 settlement and automated record keeping, while remaining compatible with international market standards and institutional investor requirements. "This transaction demonstrates that same-day 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," Sebastien Danloy, chief business officer at Euroclear, said. The transaction sits within a broader regional push to modernize capital markets infrastructure rather than to create parallel crypto-native systems. Orion, developed by HSBC , has been used for sovereign and corporate digital bonds in Hong Kong, mainland China, and the Middle East, and is designed to integrate directly with existing post-trade infrastructure such as Euroclear, Clearstream, and Hong Kong’s Central Moneymarkets Unit. That interoperability allows issuers to achieve faster settlement and on-chain record keeping while keeping custody, listing, and investor access anchored in familiar market structures. Onyx , now branded under JPMorgan’s Kinexys platform, serves a similar role for bank-issued debt and commercial paper, enabling end-to-end issuance and near-instant settlement using tokenized cash. Standard Chartered said the deal reflected rising client demand for digital issuance. Together, the deal adds to a growing body of digital bond issuance across the Middle East and Asia, where banks and regulators are steadily moving tokenization from pilot projects into live markets by embedding DLT into existing capital markets infrastructure rather than reinventing it. Qatar Standard chartered More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. 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