HSBC plans to launch HSBC Orion, a distributed ledger technology (DLT)-based bond tokenization platform that enables the tokenization of digital bonds and currencies for settlement, enabling atomic settlement or delivery, Ledger Insights reported. vs Pay (DvP). However, the digital bond scheme does not involve cryptocurrencies, but instead uses permissioned blockchain infrastructure. HSBC said the European Investment Bank (EIB) could use the platform to issue sterling-tokenized bonds under Luxembourg law.