BlockBeats news, on September 29, according to Ledger Insights, HSBC issued 1 billion Hong Kong dollars (approximately US$128 million) in one-year digital notes using distributed ledger technology (DLT), in line with the Hong Kong sovereign earlier this year. Digital bond issuance is similar. This is the first time a Hong Kong company has listed digital notes on the Hong Kong Exchange (HKEX), and it is also the first English-language digital bond issued in Hong Kong. The annual interest rate of the bill is 3.6%, and a two-day settlement window is adopted.
The digital bond is issued through HSBC’s Orion platform and integrates the local central securities depository CMU, ensuring that even investors who do not directly participate in the DLT platform can purchase the notes in the traditional way.
