The Canadian government and TD Bank successfully piloted a C$100 million bond issuance using Hyperledger Fabric technology.

PANews March 6 News, according to The Block, the Bank of Canada announced the completion of a tokenization pilot project called “Project Samara,” successfully issuing a $100 million CAD government bond using Hyperledger Fabric technology. The project was led by the Export Development Canada, with TD Bank and Royal Bank of Canada participating, issuing three-month CAD-denominated bonds to a “closed investor group,” covering the entire process of issuance, bidding, coupon payments, redemption, and secondary trading.
The project evaluation found that blockchain technology can improve operational efficiency, enhance data integrity, and reduce counterparty and settlement risks, but these benefits are partly offset by increased system complexity, liquidity costs, and limitations of the existing regulatory framework. The Bank of Canada stated that while the technology is feasible, widespread adoption may proceed slowly due to integration challenges and limited willingness to overhaul core infrastructure. This project builds on the Bank of Canada’s Jasper project launched in 2016.

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