The Bank of Canada, in collaboration with several banks, has completed the first tokenized bond experiment

According to CoinDesk, the Bank of Canada, in collaboration with major banks such as RBC and TD, successfully completed the full process testing of issuing, trading, and settling a tokenized bond worth 100 million Canadian dollars (approximately 73 million USD) through distributed ledger technology (Project Samara).

This experiment verified that a single blockchain platform can support the complete lifecycle of bonds and introduced tokenized wholesale Canadian dollars for on-chain digital settlement for the first time.