Export Development Canada issues approximately 100 million CAD tokenized bonds using distributed ledger technology

Foresight News reported that the Bank of Canada, Export Development Canada (EDC), RBC Capital Markets, and TD Bank Group have completed a proof-of-concept experiment called Project Samara, which involved issuing and settling bonds using distributed ledger technology (DLT). This week, EDC issued Canada's first tokenized bond. The bond has a maturity of less than three months, is denominated in Canadian dollars, has a size of 100 million Canadian dollars, is offered to a specific group of investors, and was settled using wholesale central bank deposits.