TechFlow, July 3 — According to CoinDesk, the Abu Dhabi Securities Exchange (ADX) has announced plans to list the first blockchain-based bond in the Middle East and North Africa region. The bond will be issued by First Abu Dhabi Bank (FAB) using HSBC’s digital asset issuance platform, Orion.
The bond will be recorded and traded on distributed ledger technology, allowing investors to directly purchase and hold it on the blockchain, potentially accelerating settlement times, reducing counterparty risk, and enhancing transparency. Global institutional investors will be able to access the bond through major securities settlement systems, including Euroclear, Clearstream, and Hong Kong's Central Money Markets Unit.
Abdulla Salem Alnuaimi, Group CEO of ADX, said the move not only expands the use of institutional-grade digital instruments but also lays the foundation for broader tokenized asset classes, including green bonds, sukuk bonds, and real estate-related products. The initiative is part of Abu Dhabi’s broader strategy to play a leading role in the tokenization of real-world assets, a market that multiple reports predict could grow into trillions of dollars in the coming years.
