KB Kookmin Bank Issues $100M Blockchain Digital Bond in Hong Kong

HSBC-1.35%
According to Seoul Economic Daily (reported by ChainCatcher), KB Kookmin Bank issued a $100 million blockchain-based digital bond in Hong Kong recently, marking the first time a South Korean bank has applied blockchain to actual foreign currency financing. The two-year bond was issued privately with HSBC serving as sole bookrunner. The blockchain settlement reduces the settlement cycle from the traditional 5 business days to 3 business days, streamlining the process and lowering settlement default risk.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments