BOCI Announces Historic First Tokenized Securities Issuance in Hong Kong

China’s BOCI, a state bank, has announced the successful issuance of 200 million CNH in completely digital structured securities in Hong Kong. This marks a significant first both for Chinese financial institutions issuing tokenized securities in Hong Kong and for products on Ethereum in the Asia Pacific. Giant Step from China! BOCI has made history by successfully issuing 200 million CNH in completely digital structured bonds, becoming the first Chinese financial institution to issue tokenized securities in Hong Kong. The product, which was developed by UBS, has been offered to clients in the Asia Pacific, highlighting a promising long-term partnership between BOCI and UBS in the realm of digital structured notes. In December 2022, UBS issued a tokenized fixed-rate note valued at 50 million USD, digitized on a permitted blockchain under British and Swiss law. Both BOCI and UBS took innovative steps in terms of applicable laws and types of […] The post BOCI Announces Historic First Tokenized Securities Issuance in Hong Kong appeared first on COINTURK NEWS.