The Canadian government and TD Bank successfully piloted a 100 million CAD bond issuance using Hyperledger Fabric technology
According to The Block, the Bank of Canada announced the completion of a tokenization pilot project called "Project Samara," successfully issuing a government bond worth 100 million Canadian dollars using Hyperledger Fabric technology.
The project was issued by the Export Development Canada, with participation from TD Bank and the Royal Bank of Canada, issuing a three-month Canadian dollar-denominated bond to a "closed group of investors," covering the entire process from issuance, bidding, coupon payments, redemption to secondary trading.
The project evaluation found that blockchain technology could enhance operational efficiency, improve data integrity, and reduce counterparty and settlement risks, but these advantages were partially offset by increased system complexity, liquidity costs, and the inadequacies of the existing regulatory framework.
The Bank of Canada stated that although the technology is feasible, widespread adoption may progress slowly due to integration challenges and limited willingness to transform core infrastructure.
The project builds on the Jasper project initiated by the Bank of Canada in 2016.
You may also like

Slow Down, That's the Answer to the Age of the Agent

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

Who will own the most Bitcoin in 2026

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

