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Canada pilots tokenized bond settlement using central bank deposits

Bank of Canada, together with RBC Capital Markets, TD Bank Group (TD) and Export Development Canada (EDC), has completed Project Samara, a trial of tokenized bond issuance on distributed ledger infrastructure, according to a recent press release. During the pilot, ECD issued a $100 million tokenized bond that was traded and settled on the Samara Platform using central bank money. [...]