Clearstream and Euroclear have launched dematerialised Eurobond issuance processes.
“A market of this scale could not remain paper-based. It was neither sustainable nor fit for purpose to meet the needs of borrowers and their partners, including agents, law firms and investors,” stated Isabelle Delorme, head of product strategy and innovation at Euroclear.
These frameworks will allow Eurobonds to be issued without physical global certificates, which the two international central securities depositories (ICSDs) say will improve processing times and operational efficiency while reducing costs.
A dematerialised framework also reduces loss, theft and forgery risks, they added, while maintaining transparency through electronic ownership records.
The Eurobond market is currently valued at more than €15.3 trillion.
Jens Hachmeister, head of issuer services and new digital markets at Clearstream, added, “The digitisation efforts by the two ICSDs significantly support the growth and effectiveness of European capital markets, making them more robust and attractive for issuers and investors globally.”
©Markets Media Europe 2025
