TREE NEWS update: Banco do Brasil has invested $5 million in tokenized structured notes issued by Citi on Euroclear’s D-FMI platform, marking the first such purchase by a Latin American financial institution. The investment was made on August 19 through its proprietary funds unit, not on behalf of clients. Citi issued the notes via its Luxembourg entity, with its London branch as paying agent.
Citi issues tokenized structured notes; Brazil’s Banco do Brasil buys $5M
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