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HSBC has teamed up with ADX and FAB to introduce the MENA region\u2019s first digitally native bond on blockchain, adding to HSBC\u2019s growing portfolio of digital bond issuances on its Orion platform.<\/p>\n
HSBC has partnered with Abu Dhabi Securities Exchange and First Abu Dhabi Bank to launch the MENA region\u2019s first digitally native bond using distributed ledger technology. As reported<\/a> by Middle East Economy, ADX has already commenced the pricing process for the product.<\/p>\n Issued by FAB, the bond will be launched through HSBC\u2019s Orion platform \u2014 a blockchain-based digital asset infrastructure. Orion is operated via the Central Moneymarkets Unit in Hong Kong and also runs in Luxembourg, but this issuance will use the Hong Kong platform due to its integration with Euroclear and Clearstream, allowing seamless access for global investors.<\/p>\n <\/p>\n The current collaboration with ADX and FAB marks Orion\u2019s first entry into the Middle East. However, it\u2019s not the first digital bond launched through the platform. Orion has previously supported the launch of a digital treasury note from Luxembourg as well as a \u20ac100 million digital bond issued by the European Investment Bank, settled via a wholesale central bank digital currency. <\/p>\n