TechFlow reports that Fusang Exchange has announced, at the request of the issuer Longbond Ltd., the listing of the "Longbond SR Notes USD Feb 2021" will be delayed until further notice.
Previously, according to The Wall Street Journal, the Malaysia branch of China Construction Bank partnered with Fusang Exchange to issue digital bonds based on blockchain technology, purchasable with Bitcoin, with Longbond Ltd.—an SPV—as the issuing entity. Subsequently, China Construction Bank Labuan Branch issued a statement clarifying that it is not the bond issuer, but rather the lead arranger and issuance advisor for the bond, as well as the clearing and settlement agent for the U.S. dollar funds, and does not accept banking transactions involving cryptocurrencies such as Bitcoin.
