%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl.com / The Bank of Canada, and a consortium of partners, have completed their first tokenized bond issuance using distributed ledger technology. In a news release, Canada's central bank said it has successfully executed "Project Samara," which saw it issue the country's first ever tokenized bond. Other organizations that helped facilitate the tokenized bond experiment include Export Development Canada, Royal Bank of Canada (TSX: $RY ) (NYSE: $RY ) and TD Bank Group (TSX: $TD ) (NYSE: $TD ). The project aimed to evaluate how tokenization and distributed ledger technology can improve bond issuance and settlement. The tokenized bond was sold and will continue to be managed on the Samara Platform, which has been designed to support end-to-end transactions throughout the bond's brief life cycle. Tokenization is the process of converting financial assets such as stocks, bonds and currencies into digital tokens on a blockchain. The Bank of Canada's experiment involved the issuance of a single security, a $100 million Canadian dollar–denominated bond of less than 3 months duration. The tokenized bond was issued by Export Development Canada to a closed investor group that included Royal Bank and TD Bank. The Bank of Canada oversaw the project. This is the latest experiment the Bank of Canada has conducted related to blockchain technologies. Canada's central bank has also investigated the feasibility of a central bank digital currency and is participating in the drafting of stablecoin regulations for the Canadian market.