According to ChainCatcher and FinanceFeeds, the Abu Dhabi Securities Exchange (ADX) has launched the first digital bond pricing process in the Middle East and Northeast Asia region on distributed ledger technology (DLT).
The bond, issued by First Abu Dhabi Bank (FAB), will be listed on ADX and launched through HSBC's Orion platform, a blockchain-based digital asset infrastructure operated by the Hong Kong Central Monetary Unit (CMU).
This transaction is the result of collaboration between ADX, HSBC, and FAB, combining local market infrastructure with HSBC's expertise in digital issuance. Global investors will be able to access the bond through CMU, Euroclear, or Clearstream accounts, or through existing custodians.
