ChainCatcher news, Singapore's second-largest bank, OCBC Bank, recently launched a blockchain-based customized corporate bond tokenization scheme aimed at helping corporate clients diversify their financial assets. The scheme allows corporate clients to invest in bonds starting from 1,000 Singapore dollars, with the ability to customize bond terms and interest rates according to their needs, with tokens referencing existing investment-grade bonds.This scheme is an innovative project developed by OCBC based on blockchain technology. Kenneth Lai, OCBC's Head of Global Markets, stated that the company will further expand its product line to cover more types of tokenized assets.

ChainCatcher news, the Hong Kong Monetary Authority (HKMA) today released a report titled "Tokenization of the Hong Kong Bond Market," outlining the next steps for promoting the broader application of tokenization technology in the Hong Kong bond market. The report details the experience of the HKMA in assisting the government with the issuance of HKD 800 million tokenized green bonds under the "Project Evergreen" initiative in February this year, including the specifics of the tokenized green bonds, technology and platform design, as well as trading and settlement.In addition, the report states that bond tokenization is still in its infancy, and to achieve widespread adoption, multiple challenges must be overcome. Existing legal and regulatory frameworks may also need to be fine-tuned to keep pace with and promote the adoption of the technology.

ChainCatcher news, HSBC announced plans to launch a DLT-based bond tokenization platform called HSBC Orion. The European Investment Bank (EIB) may use it under Luxembourg law to issue pound tokenized bonds. This solution enables the tokenization of digital bonds and currencies for settlement, facilitating atomic settlement or delivery versus payment (DvP). (source link)