HSBC issues HK$1 billion digital bond using distributed ledger technology

Odaily News HSBC has issued HK$1 billion (US$128 million) of one-year digital notes using distributed ledger technology (DLT). The structure of this issuance is similar to the US$756 million Hong Kong sovereign digital bond issued earlier this year. Therefore, the latest digital notes were issued through HSBC Orion DLT, with the local central securities depository (CSD) CMU as the platform operator. It is reported that HSBC's blockchain bond tokenization platform HSBC Orion uses Digital Asset's DAML combined with Hyperledger Fabric technology. (Ledger Insights)