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HSBC Collaborates with Abu Dhabi Bank and Exchange to Launch First Tokenized Fixed Income Product in Middle East and North Asia
Summary: According to reports from FinanceFeeds, the Abu Dhabi Securities Exchange (ADX) has launched the first digital bond pricing process in the Middle East and North Asia region on Distributed Ledger Technology (DLT). The bond, issued by First Abu Dhabi Bank (FAB), will be listed on ADX and launched through HSBC's Orion platform, a blockchain-based digital ...
According to reports from FinanceFeeds, the Abu Dhabi Securities Exchange (ADX) has launched the first digital bond pricing process in the Middle East and North Asia region on Distributed Ledger Technology (DLT). The bond, issued by First Abu Dhabi Bank (FAB), will be listed on ADX and launched through HSBC's Orion platform, a blockchain-based digital asset infrastructure operated by the Central Monetary Unit (CMU) in Hong Kong. This transaction is the result of a collaboration between ADX, HSBC, and FAB, combining local market infrastructure with HSBC's experience in digital issuance. Global investors will be able to access the bond through their accounts with CMU, Euroclear, or Clearstream, or through existing custodians.
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Link: HSBC Collaborates with Abu Dhabi Bank and Exchange to Launch First Tokenized Fixed Income Product in Middle East and North Asia [Copy]
