BOCI Issues $28M Digital Structured Notes on Ethereum - Capital Street FX
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BANK OF CHINA’S INVESTMENT BANK SUBSIDIARY BOCI BREAKS GROUND WITH $28 MILLION DIGITAL STRUCTURED NOTES ON ETHEREUM BLOCKCHAIN . Bank of China’s investment bank subsidiary, BOCI, made a groundbreaking announcement on June 12th, stating that it will issue 200 million Chinese yuan (approximately $28 million) worth of digitally structured notes on the Ethereum blockchain. This move marks a significant milestone for BOCI as it becomes the first Chinese financial institution to issue a tokenized security in Hong Kong. The issuance was facilitated with the assistance of UBS, a prominent investment banking company, which played a crucial role in originating the product for placement to its client base in the Asia-Pacific region. Ying Wang, the deputy CEO of BOCI, expressed her enthusiasm regarding the development, highlighting the increasing adoption of tokenization across various financial instruments. She revealed that UBS has been actively involved in expanding its tokenization effor...