According to Foresight News, China Merchants Securities International Holdings Limited, a subsidiary of Cathay Pacific Group, announced the issuance of its first digital native bond. This issuance is the first publicly offered digital native bond issued by a Chinese securities firm, with a size of no more than $300 million and using HSBC Orion as the digital asset platform.
Digital bonds are bonds issued using blockchain or distributed ledger technology, with core characteristics of digitization, programmability, and automatic execution, offering higher transparency and the ability to reduce settlement risks and costs.
