Citi has issued the first digitally native structured note on Euroclear’s Digital Financial Market Infrastructure ( D-FMI ) platform. It is also the first of its kind to be offered within the wealth management industry.

The note was issued under English Law. The issuer is Citigroup Global Markets Funding Luxembourg, positioning Luxembourg as a key hub for digital financial innovation. 

This transaction represents a significant step in the ongoing digital transformation of financial markets, illustrating how distributed ledger technology ( DLT ) can be seamlessly integrated into existing market structures to unlock new possibilities for various asset classes, Citi says.

"This pioneering issuance marks an important step forward as we lead the first digitally native structured note on Euroclear's D-FMI. This dual milestone demonstrates our commitment to leveraging DLT to enhance efficiency, transparency, and innovation across the markets business and wider franchise," notes Bhaavit Agrawal, global head of financial institutions structuring, markets, at Citi.

Isabelle Delorme, head of product strategy and innovation at Euroclear, adds: “This note illustrates how trusted market infrastructure can evolve to support innovation at scale. It reflects our ambition to move digital issuance from experimentation into everyday market practice across various distribution channels, embedding digital at the core of the financial ecosystem to enable more efficient capital flows.”