Doha Bank has completed its first issuance of $150 million in Digitally Native Notes (DNN) on the London Stock Exchange’s International Securities Market, with instant settlement.
The process was overseen, coordinated, and arranged by Standard Chartered, acting as Sole Global Coordinator and Sole Arranger, while Citi acted as issuing and paying agent, according to a press release.
The issuance was completed with same-day T+0 settlement through Euroclear’s Digital Financial Market Infrastructure, marking one of Qatar’s earliest pilot digital bond offerings on blockchain technology, in an attempt to improve settlement efficiency, enhance transparency, and streamline operational processes.
“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 of Doha Bank. He added that “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 and deepens market access.”
Salman Ansari, Global Head of Capital Markets at Standard Chartered, said the transaction “underscores the tangible, real-world efficiencies that cutting-edge digital infrastructure is delivering for capital markets.”
Sebastien Danloy, Chief Business Officer at Euroclear, said the transaction shows that “same day execution and settlement are achievable through a neutral, regulated DLT infrastructure that aligns with established market standards.”
The bond was listed on the London Stock Exchange, reinforcing the Exchange’s role in supporting digital capital markets. Dame Julia Hoggett, CEO of London Stock Exchange plc and Head of Digital and Securities Markets at LSEG, said “we are delighted that Doha Bank has chosen the London Stock Exchange as the listing venue for its digital bond.”
LSEG Expands Digital Markets Strategy
The transaction comes as the London Stock Exchange Group continues to expand its digital markets capabilities.
LSEG recently launched its Digital Markets Infrastructure platform, aimed at supporting blockchain-based issuance, settlement, and servicing across private and, eventually, broader asset classes.
The newly launched platform is designed to modernize how private market assets are issued and managed, using blockchain technology to improve efficiency and scalability.
Built on Microsoft Azure, the new platform is structured to operate alongside traditional financial systems, allowing market participants to adopt digital processes without replacing existing workflows.
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