Doha Bank instantly settles $150 million digital bond on Euroclear DLT platform
Qatar based Doha Bank has listed its inaugural $150 million Floating Rate Digitally Native Notes (DNN). digital bond, on the London Stock Exchange’s International Securities Market (ISM), achieving T+0 instant settlement via Euroclear’s Digital Financial Market Infrastructure (D-FMI). Euroclear’s D-FMI facilitates the issuance, distribution and settlement of fully digital international securities using distributed ledger technology (DLT).
Built on DLT, the DNN delivers enhanced transparency, decentralised record-keeping, and operational efficiency. The instant, same-day (T+0) settlement demonstrates the real-world potential of digital-market infrastructure to shorten settlement cycles while laying the foundation for frictionless capital markets transactions.
“The successful issuance of Doha Bank’s inaugural DNN marks a significant milestone in our strategy to diversify and strengthen our funding base,” said Sheikh Abdulrahman Bin Fahad Al-Thani, Group CEO, Doha Bank. “By achieving one of the region’s first real-time T+0 settlements and leveraging Euroclear’s D-FMI Infrastructure, we are embracing innovation that enhances efficiency, deepens market access, attracts new investors, and reinforces confidence in Qatar as a forward-looking financial hub.
He adds, “This achievement reflects strong global investor appetite for Qatar and aligns closely with the Qatar Central Bank’s Third Financial Sector Strategy and the Government’s vision to advance digital transformation resilience and competitiveness of the Qatari capital market. We thank Standard Chartered for their exceptional partnership, and we are pleased to collaborate with Euroclear, the London Stock Exchange, and Citi as the issuing and paying agent on this landmark digital issuance.”
Standard Chartered acted as the Sole Global Coordinator and Sole Arranger, leading the structuring, execution, and distribution of this pioneering digital issuance.
As per the press release, the milestone transaction, one of Qatar’s earliest digitally native USD bond issuances, sets a new standard by offering instant settlement, and advances the region’s digital-markets agenda.
Salman Ansari, Global Head, Capital Markets, Standard Chartered, explained that Doha Bank’s debut digital bond issuance is delivering real world efficiencies for capital markets.
Sebastien Danloy, Chief Business Officer, Euroclear, said: “We are honoured to support Doha Bank’s DNN issuance. 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. Equally important, integration with traditional secondary-market services and trading venues ensures that investors retain access to liquidity. As similar transactions progress across global markets, Qatar is helping to set a steady pace for digital issuance within the GCC – providing a clear reference point for market participants in the region.”
Dame Julia Hoggett, CEO, London Stock Exchange plc and Head of Digital & Securities Markets, LSEG, had noted that as one of the largest markets for the listing of fixed income globally, LSEG plays a key role in the development of digital markets infrastructure to make capital markets globally more efficient for issuers and investors alike.”
Qatar National Bank was first to issue Blockchain digital Bond raising $500 million
Recently, Qatar National Bank (QNB) launched its first-ever native blockchain enabled digital bond issuance, raising $500 million in what is being described as the largest transaction of its kind by a financial institution in the Middle East and Africa.
The digital bond issuance was powered by HSBC Orion Blockchain solution. This step comes as part of QNB’s strategy to tap new sources of stable funding from new markets with digitally innovative funding sources. HSBC acted as a sole bookrunner on the transaction, a further step in its ambition to bring end-to-end blockchain-based solutions to its global client base.
Additionally, QNB Group ( Qatar National Bank), Standard Chartered and DMZ Finance, an RWA tokenization infrastructure provider, launched the Dubai International Financial Centre’s (DIFC) first regulated tokenized money market fund, the QCD Money Market Fund (units in QCDT). In July 2025 QNB had announced that the fund had been licensed.
