EUROCLEAR and Clearstream announced that the Eurobond market is scheduled to be updated by enabling the devastating version from early 2026, eliminating the need for paper certificates in the third largest debt market in the world.
EUROBONDS, which is valued at more than 14 trillion euros, supports a variety of exporters and investors in 130 countries.
Two of the ICSDS deposits participated in the development of version and processing classification (IPT), a clear data standard for industry at the level of industry designed to reduce fragmentation.
IPT is said to support application programming facades and will be expanded soon to include the classification of the distinctive code for redistribution technology.
According to the head of the product and innovation strategy in EuroClear, Isabelle Delorm, the new classification is “a changing games for customers who want to use application programming facades for the eurobonds version and prepare for the release of symbolic bonds.”
Jens Hachmeister, head of the source of the new source and digital markets at Clearstream, described the project as “a testimony to the cooperative efforts between ICSDS and across industry,” adding that digitization will allow Eurobonds to work as a stronger European capital market.
The transformation to the digital version is expected to provide multiple advantages, including trading faster, less costs than removing material certificates, improving security against forgery or theft, and increasing transparency through e -ownership records.
EUROCLEAR and Clearstream said the initiative lay the foundation for the Eurobond market completely, paving the way for the automation of the life cycle and adopting distributed progress techniques.