IFC Invests in World's First Digital Gender Bond by Akbank to Empower Women in Turkiye
Turkey, Dec. 3 -- IFC invested in Akbank T.A.?. (Akbank)'s inaugural Digitally Native Note (DNN), the world's first digitally issued gender bond. This landmark transaction will help to advance opportunities for women in Turkiye.A DNN is a security issued and settled entirely on a digital platform using distributed ledger technology (DLT). This approach enables secure, decentralized record-keeping and supports the issuance, trading, and settlement of digital securities in a manner similar to traditional bonds. Notably, Akbank's DNN achieved T+0 settlement, meaning the bond was issued and settled on the same day-reducing settlement risk and increasing efficiency.In Turkiye, 63 percent of women-led firms perceive access to finance as a constra...
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