Hana Bank Issues First Digital Bond in South Korea Using Blockchain
- Hana Bank issued a $100 million digital bond via Euroclear’s blockchain platform.
- This marks the first use of Euroclear’s distributed ledger by a Korean financial institution.
- The transaction was settled on the same day, showcasing a T+0 settlement process.
- Hana Bank is the second-largest bank in South Korea, managing nearly $500 billion in client assets.
- Euroclear is one of the world’s largest central securities depositories (CSDs), based in Brussels.
The issuance of this digital bond and its immediate settlement illustrates how tokenization can enhance capital market efficiency and speed up traditional processes.
With this $100 million digital bond issuance, Hana Bank highlights its commitment to integrating blockchain technology into capital markets.(Source)
