From PAPERJAM:
"Citi has issued a digitally native structured note on Euroclear’s Digital Financial Market Infrastructure, or D-FMI, platform, using a Luxembourg-based issuing vehicle in a transaction that reflects the growing use of distributed ledger technology in capital markets.
The note was issued under English law by Citigroup Global Markets Funding Luxembourg. The structure places Luxembourg at the centre of a transaction that illustrates how banks and market infrastructure providers are testing the use of distributed ledger technology in established issuance and settlement frameworks.
Published on 9 March 2026, the announcement marks two firsts: it is the first digitally native structured note issued on Euroclear’s D-FMI platform and the first of its kind within the wealth management industry, Citi claimed"....