TechFlow news, on June 12, Bank of China International successfully issued a fully digital structured note worth 200 million RMB, becoming the first Chinese financial institution to issue tokenized securities in Hong Kong. This product was pioneered by UBS and targeted at clients across the Asia-Pacific region, marking a long-term collaboration between Bank of China International and UBS in the field of digital structured notes.
In December 2022, UBS issued a $50 million tokenized fixed-rate note under English and Swiss law, which was digitized on a licensed blockchain.
Through issuing these digital securities, both Bank of China International and UBS have made significant strides in terms of applicable laws and blockchain types. This transaction represents the first such product in the Asia-Pacific region governed by Hong Kong and Swiss law and tokenized on the main Ethereum blockchain, successfully bringing regulated securities onto a public blockchain.
Add to Favorites
Share to Social Media
