TechFlow reported, citing Reuters on November 23, that Hong Kong-based fintech firm Fusang Exchange announced the cancellation of the Ethereum-based digital bond Longbond SR Notes USD Feb 2021 (ticker: LBFEB21), issued by China Construction Bank Corporation Labuan Branch (CCBL), at the issuer's request. Fusang’s CEO responded that the issuer has not provided a reason for the suspension. Previously, the listing of this digital bond LBFEB21 had already been postponed.
Earlier reports indicated that China Construction Bank partnered with Hong Kong fintech company Fusang to issue a $3 billion blockchain bond, marking the first digital security issued by a Chinese bank on a blockchain. CCB stated it is not the bond issuer but serves as the lead arranger and issuance advisor, as well as the clearing and settlement agent for the U.S. dollar funds. The bank does not accept cryptocurrency transactions, including Bitcoin.
