HSBC completes first tokenized structured product pilot for institutional investors
The post HSBC completes first tokenized structured product pilot for institutional investors appeared on BitcoinEthereumNews.com. HSBC has completed its first blockchain-based issuance of a digitally native structured product, using tokenized U.S. dollar-denominated notes in a private placement for institutional investors in Hong Kong. Summary HSBC completed its first blockchain based issuance of a digitally native structured product through a private placement in Hong Kong. Marketnode supported the transaction by issuing the notes on blockchain and managing digital payment flows between HSBC and the investor. The pilot builds on Hong Kong’s growing tokenization efforts as financial institutions continue testing blockchain for capital markets. According to HSBC, the pilot transaction involved U.S. dollar-denominated structured notes issued in Hong Kong with support from Asia-Pacific digital market infrastructure operator Marketnode, which acted as both the tokenisation agent and digita