HSBC adds another accolade to its tokenization pedigree.
HSBC issued an HK$ 1B digital bond using its own Orion platform today. It was the first English law digital bond issued in Hong Kong.
This means the issuance will be speaking in common international legalese and attract a broader set of investors.
HSBC took on multiple roles in the issuance process to build up execution capabilities, including issuer, platform provider, arranger, dealer, sole bookrunner and joint lead manager.
HSBC has been quite active in tokenization space as it ramps up its own tokenization products and services, including:
1️⃣ Leading Series C round in HQLAᵡ in April 2024. HQLA is a tokenized collateral management platform that solves inefficiencies in cross-custodian collateral transfer and settlement.
You can read more here: https://lnkd.in/eP57FJFx
2️⃣ Leading the Series A round in Marketnode, a FMI platform based in Singapore.
While HQLA focuses on collateral management, MarketNode focuses on tokenizing the entire issuance to distribution to record keeping value chain involved in fund management business.
In both cases, a senior HSBC executive is joining the startup as a board member.
- Jamie Anderson, Head of Collateral Treasury Trading, is joining HQLAx
- John O'Neill, Global Head of Digital Asset Strategy, is joining MarketNode
Will HSBC have capabilities to outsell its global competition?
I dive deep into the tokenization space through my research and GTM advisory work. To stay ahead of the curve:
💡 Join 4,500+ readers at Tokenization Insight research newsletter https://lnkd.in/eY7Nb7iQ
✉ Book a limited advisory appointment https://lnkd.in/eu2WrRHe
🤝 Save hours of research AND get exclusive insights by Subscribing at https://lnkd.in/gTxp8uWM
#tokenization #digitalassets #financialservices
CTO & Go-To-Market Leader | Digital & Multi-cloud Enterprise Architect | Entrepreneur & Researcher
2moCongratulations Shirish, all the best in the new role.