Bank of Canada completes tokenized bond test with RBC, TD using distributed ledger

The Bank of Canada, in collaboration with major lenders RBC Dominion Securities, RBC Investor Services Trust, and TD Securities, completed an experiment called Project Samara, testing the lifecycle of tokenized bonds. Export Development Canada issued a C$100 million security that was tokenized on a distributed ledger platform operated by RBC, allowing for issuance, trading on secondary markets, coupon payments, and redemption within the same system. Crucially, the test involved the digital settlement of these bonds using tokenized wholesale Canadian dollars created by the Bank of Canada, which moved on the same ledger. This trial aligns with the federal government's broader interest in digital currency and stablecoin regulation, following recent moves by the country's regulator, CIRO, to strengthen digital asset custody frameworks.

(Source：CoinDesk)