Bank of Canada completes government bond tokenization pilot

The Bank of Canada has completed Project Samara, a pilot project for tokenizing government bonds, The Block reported. As part of the initiative, Export Development Canada (EDC) issued the country's first tokenized bond, which was settled using wholesale central bank deposits. The central bank also tested the feasibility of issuing a single three-month bond worth 100 million Canadian dollars to a select group of investors. It collaborated with financial institutions including TD Bank and the Royal Bank of Canada (RBC) for the test. The Samara platform, built on Hyperledger Fabric, managed the entire lifecycle of the bond, including issuance, bidding, interest payments, redemption, and trading.