Wednesday 21 February 2024

HSBC world's first to offer multi currency digital bonds.

Unknown commented -

"Only the beginning." 

HSBC became the world's first to offer multi currency digital bonds. 

"Ashurst (advisors to Rothschild) advises HSBC as the platform provider to HKMA on the world's first multi-currency digital bond offering. 

"This follows Ashurst’s role in advising on the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government)’s first tokenised green bond issuance in February 2023. The cross-border team at Ashurst was headed by Hong Kong managing partner and financial regulatory partner Ben Hammond, Hong Kong-based global finance, funds and restructuring finance division co-head and debt capital markets partner Jini Lee and London-based bank industry global chair Etay Katz. The partners were assisted by counsel and senior associates Janet Ouyang and Jamie Jefferson Ng. The wider team comprised Hong Kong-based senior associate Sean Ching and associate Do Yeon Kim, global markets associate Thomas Yau and regulatory associate Anna He, as well as London-based financial regulatory associates Clara Yeo and Joy Yeh. HSBC Orion is a technological platform which utilises distributed ledger technology designed for use in conjunction with the issuance of digitally native assets. The platform utilises a private permissioned with nodes managed by the platform operator, CMU. Investors directly participating in HSBC Orion have the capability to hold legal title to the Digital Green Bonds."



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