HSBC Issues $128 Million Digital Note Using Distributed Ledger Technology

According to Odaily, HSBC has issued a one-year digital note worth HKD 1 billion (USD 128 million) utilizing distributed ledger technology (DLT). The structure of this issuance is similar to the HKD 7.56 billion (USD 970 million) Hong Kong sovereign digital bond issued earlier this year. The latest digital note was issued through HSBC Orion DLT, with the local Central Securities Depository (CSD) CMU acting as the platform operator. HSBC's blockchain bond tokenization platform, HSBC Orion, employs a combination of Digital Asset's DAML and Hyperledger Fabric technologies.