PANews reported on March 6th that, according to The Block, the Bank of Canada announced the completion of its tokenization pilot project, "Project Samara," successfully issuing a C$100 million government bond using Hyperledger Fabric technology. The project, issued by Export Development Canada with participation from TD Bank and Royal Bank of Canada, involved the issuance of three-month Canadian dollar-denominated bonds to a closed investor group, covering the entire process from issuance, bidding, coupon payment, redemption, and secondary trading.

The project assessment found that blockchain technology can improve operational efficiency, enhance data integrity, and reduce counterparty and settlement risks; however, these advantages are partially offset by increased system complexity, liquidity costs, and shortcomings in the existing regulatory framework. The Bank of Canada stated that despite the technological feasibility, widespread adoption may proceed slowly due to integration challenges and limited willingness to upgrade core infrastructure. This project builds upon the Bank of Canada's Project Jasper, launched in 2016.