Tokenized Security on Ethereum
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BOCI Becomes First Chinese Bank to Issue Tokenized Security on Ethereum

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In a groundbreaking move for the digital asset markets, Bank of China International (BOCI), a state-owned bank, has successfully issued CNH 200 million worth of fully digital structured notes. This achievement not only marks BOCI as the first Chinese financial institution to issue a tokenized security in Hong Kong but also signifies the introduction of the first product of its kind in the entire Asia Pacific region on the Ethereum blockchain.

Breaking New Ground in Digital Asset Markets:

The collaboration between BOCI and UBS has been instrumental in driving the simplification of digital asset markets and products, particularly for customers in the Asia Pacific region. By leveraging the power of blockchain technology, BOCI aims to revolutionize the development of blockchain-based digital structured products.

Ms. Ying Wang, Deputy CEO at BOCI, expressed her enthusiasm for this innovative milestone, stating, “Working together with UBS, we are driving the simplification of digital asset markets and products, for customers in Asia Pacific through the development of blockchain-based digital structured products

source wublockchain

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