Banco do Brasil Invests $5 Million in Citi's Tokenized Structured Notes

Banco do Brasil has invested $5 million in tokenized structured notes issued by Citigroup, marking the first such transaction by a Latin American financial institution. The notes were issued via Citi's Luxembourg entity on the Euroclear D-FMI platform, with the London branch acting as the issuing and paying agent. The investment was made using the bank's own capital rather than client funds.