MarketPR
KB Kookmin Bank has issued South Korea's first blockchain-based U.S.
dollar digital bond, a $100 million two-year instrument managed by HSBC and settled through the Hong Kong Monetary Authority's Central Moneymarkets Unit clearing system, according to a Yonhap News report from June 10.
The deal runs on HSBC Orion, the bank's proprietary digital asset platform, and compresses the conventional T+2 or T+3 settlement window to near real-time. HSBC acted as sole lead manager.
What Actually Moved On-Chain Traditional bond mechanics — issuance, registration, trading, settlement — stay intact here; the difference is that all of it runs on a distributed ledger rather than through layered custodians and manual processing.
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