Akbank issues inaugural Digitally Native Note
04 December 2025 Belgium
Image: Jerome/stock.adobe.com
Turkish bank Akbank has announced the issuance of its inaugural Digitally Native Note (DNN) on Euroclear’s Digital Financial Market Infrastructure (D-FMI), with the International Finance Corporation (IFC) as the sole investor, and Citi as the dealer and issuing and paying agent.
Euroclear’s D-FMI platform, leveraging distributed ledger technology, was responsible for issuing, distributing, and settling Akbank’s DNN, with Euroclear having facilitated a total of seven other digital issuances, totalling €800 million since its first in 2023.
The US$100 million issuance will have its proceeds used to finance women-owned SMEs, in addition to funding mortgage loans for women in Türkiye.
Isabelle Delorme, head of product strategy and innovation at Euroclear, says: “We are pleased to provide the infrastructure to support this transaction, which highlights the potential of digital securities to drive more efficient capital flows.”
Executive vice president, treasury and financial solutions, Akbank, Şebnem Muratoğlu, believes the issuance of its first digitally native note “marks a significant milestone in Akbank’s journey to embrace financial technologies and pioneer innovative solutions in capital markets”.
She adds: "Executed on a blockchain infrastructure, this transaction is both a technological breakthrough and a financing model with social impact at its core.”
Momina Aijazuddin, IFC regional industry head, financial institutions group for the Middle East and Central Asia, believes: “By leveraging digital technology for thematic financing, we are setting new standards for innovation and opening pathways for other investors to participate in advancing opportunities for women.”
Euroclear’s D-FMI platform, leveraging distributed ledger technology, was responsible for issuing, distributing, and settling Akbank’s DNN, with Euroclear having facilitated a total of seven other digital issuances, totalling €800 million since its first in 2023.
The US$100 million issuance will have its proceeds used to finance women-owned SMEs, in addition to funding mortgage loans for women in Türkiye.
Isabelle Delorme, head of product strategy and innovation at Euroclear, says: “We are pleased to provide the infrastructure to support this transaction, which highlights the potential of digital securities to drive more efficient capital flows.”
Executive vice president, treasury and financial solutions, Akbank, Şebnem Muratoğlu, believes the issuance of its first digitally native note “marks a significant milestone in Akbank’s journey to embrace financial technologies and pioneer innovative solutions in capital markets”.
She adds: "Executed on a blockchain infrastructure, this transaction is both a technological breakthrough and a financing model with social impact at its core.”
Momina Aijazuddin, IFC regional industry head, financial institutions group for the Middle East and Central Asia, believes: “By leveraging digital technology for thematic financing, we are setting new standards for innovation and opening pathways for other investors to participate in advancing opportunities for women.”
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