Chinese state-owned bank Bank of China International (BOCI) has become the first Chinese institution to issue tokenized securities in Hong Kong by issuing $28 million in tokenized bonds.
According to the press release published by Switzerland’s largest bank UBS, on its official website, BOCI, 28 million issue dollars worth tokenized securities in Hong Kong first to export chinese finance became the institution. The securities in question Ethereum (ETH) was tokenized.
Creation of UBS tokenized bonds and in Asia Pacific (APEC) to customers submission in the part starred. The move made BOCI And UBS between tokenized bond in the field long-term One to cooperation pointed out.
According to the information given BOCI And UBS with this bond issue laws And nets in terms of to new steps he signed. Issued bonds of APEC first Hong Kong And Switzerland regulated by law and Ethereum (ETH) had bonds created on the network.
We take courage from Hong Kong
BOCI CEO Ying Wang on the matter, the bank technology finance And digital finance in the fields innovation on the front lines He said he was happy to be involved. Working with UBS in APEC for customers special aspect designed Stating that they are developing blockchain products, Wang said that in this way, digital asset markets and products for their customers. to simplify reported that they provided
Also from Hong Kong’s digital economy evolution take the courage and the financial sector in the region. to support digital transformation expressed their determination.
UBS official Aurelian Troendlethat they are pleased to work with BOCI and that their issuance activities are supported by blockchain technology. can take advantage of their efficiency stated.
On the other hand, at the end of last year, UBS English And Switzerland according to the laws 50 million worth a dollar tokenized been taken fixed rate One bond was also reminded.