Bank of China investment bank BOCI issued fully digital structured notes worth 200 million of offshore renminbi ($28 million) on the Ethereum blockchain, making it the first Chinese financial institution to issue a tokenized security in Hong Kong.
“This transaction marks the first product of its kind in Asia Pacific constituted under Hong Kong and Swiss law and tokenized on the main Ethereum blockchain, successfully introducing regulated securities onto a public blockchain,” UBS, the originator and BOCI’s partner, said in a statement.
The issuance comes after UBS issued a $50 million tokenized fixed rate note in December on a permissioned blockchain under English and Swiss law.
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Source: https://www.theblock.co/post/234241/bank-of-china-boci-tokenized-security-ethereum?utm_source=rss&utm_medium=rss