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Hana Bank issues DNN through Euroclear
24 September 2026 Belgium, South Korea, Singapore
Image: PixHound/stock.adobe.com
Hana Bank has issued a US$100 million digitally native note (DNN) on Euroclear’s Digital Financial Market Infrastructure (D-FMI).
According to the firms, the transaction makes Hana Bank the first Korean bank to issue a digital bond through Euroclear’s digital issuance platform.
The issuance is also the first digital bond listed on the Singapore Exchange, with Standard Chartered overseeing its structuring, execution, and distribution, and Citi acting as issuing and paying agent.
The firms say the bond enables same-day settlement while staying connected to TradFi capital markets infrastructure.
Speaking on the issuance, Elodie Norman, chief commercial officer APAC at Euroclear, says: “As the first Korean bank to issue a digital bond through Euroclear’s D-FMI, Hana Bank is helping pave the way for broader adoption of digital capital markets in Asia.
“As adoption accelerates, the ability to bridge digital and traditional markets will be critical to scaling digital securities and unlocking their full potential for issuers and investors alike.”
Beomjun Cho, head of financial markets group at Hana Bank, comments: “We believe digital capital markets will play an increasingly important role in the future of finance, and we remain committed to supporting innovation that enhances efficiency, transparency, and connectivity across financial markets.”
Ankur Prakash, head of digital and strategic initiatives, global banking, at Standard Chartered, remarks: “Each new issuer helps broaden the market, deepen institutional understanding, and create new reference points for future adoption.
“We believe transactions such as this will continue to build familiarity, confidence, and capability across the market as digital capital markets evolve.”
Dirk Jones, head of issuer services at Citi Services, adds: “AAs the adoption of Distributed Ledger Technology expands and reshapes how debt is issued and settled, Citi is committed to supporting our clients through that transition, operating across both traditional and digital financial market infrastructures as the two continue to converge.”
According to the firms, the transaction makes Hana Bank the first Korean bank to issue a digital bond through Euroclear’s digital issuance platform.
The issuance is also the first digital bond listed on the Singapore Exchange, with Standard Chartered overseeing its structuring, execution, and distribution, and Citi acting as issuing and paying agent.
The firms say the bond enables same-day settlement while staying connected to TradFi capital markets infrastructure.
Speaking on the issuance, Elodie Norman, chief commercial officer APAC at Euroclear, says: “As the first Korean bank to issue a digital bond through Euroclear’s D-FMI, Hana Bank is helping pave the way for broader adoption of digital capital markets in Asia.
“As adoption accelerates, the ability to bridge digital and traditional markets will be critical to scaling digital securities and unlocking their full potential for issuers and investors alike.”
Beomjun Cho, head of financial markets group at Hana Bank, comments: “We believe digital capital markets will play an increasingly important role in the future of finance, and we remain committed to supporting innovation that enhances efficiency, transparency, and connectivity across financial markets.”
Ankur Prakash, head of digital and strategic initiatives, global banking, at Standard Chartered, remarks: “Each new issuer helps broaden the market, deepen institutional understanding, and create new reference points for future adoption.
“We believe transactions such as this will continue to build familiarity, confidence, and capability across the market as digital capital markets evolve.”
Dirk Jones, head of issuer services at Citi Services, adds: “AAs the adoption of Distributed Ledger Technology expands and reshapes how debt is issued and settled, Citi is committed to supporting our clients through that transition, operating across both traditional and digital financial market infrastructures as the two continue to converge.”
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