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UK plans to issue first G7 digital sovereign bond by early 2027
the UK plans to issue its first digital sovereign bond by early 2027, becoming the first G7 country to issue government debt on a distributed ledger. The bond will be listed on HSBC’s Orion platform and included in the digital securities sandbox of the Bank of England (BoE) and the UK Financial Conduct Authority (FCA) to test shorter settlement times and lower costs. BoE Governor Andrew Bailey stated that the BoE plans to make the bond eligible as collateral for market operations, allowing banks to use the bond in central bank funding transactions.
South Korea’s KB Kookmin Bank Issues $100 Million Blockchain-Based Digital Bond in Hong Kong
According to the Seoul Economic Daily, KB Kookmin Bank announced the issuance of a USD 100 million blockchain-based digital bond in the Hong Kong market, marking the first time a Korean bank has applied blockchain technology to an actual foreign-currency financing transaction. This issuance reduces the settlement cycle from the traditional five business days to three business days, helping streamline processes and lower counterparty settlement risk. The two-year USD digital bond was issued privately, with HSBC serving as the sole bookrunner; the issuance process was completed via HSBC’s digital asset platform, Orion.
英国拟于 2027 年初发行首个数字主权债券，或成首个在分布式账本上发行国债的 G7 国家
The UK plans to launch its first digital sovereign bond, DIGIT, in early 2027, and is expected to become the first G7 country to issue government debt on distributed ledger infrastructure. The bond will be denominated in sterling, issued via the HSBC Orion platform, and operate within the Digital Securities Sandbox of the Bank of England and the Financial Conduct Authority.
UK plans to issue first G7 digital sovereign bond by early 2027
the UK plans to issue its first digital sovereign bond by early 2027, becoming the first G7 country to issue government debt on a distributed ledger. The bond will be listed on HSBC’s Orion platform and included in the digital securities sandbox of the Bank of England (BoE) and the UK Financial Conduct Authority (FCA) to test shorter settlement times and lower costs. BoE Governor Andrew Bailey stated that the BoE plans to make the bond eligible as collateral for market operations, allowing banks to use the bond in central bank funding transactions.
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HSBC receives Bank of England approval to enter Digital Securities Sandbox, HSBC Orion has facilitated over $5 billion in digital bond issuances
HSBC has received approval from the Bank of England to operate within the UK's Digital Securities Sandbox (DSS). Its digital asset platform, HSBC Orion, will support the issuance, servicing, and settlement of digital securities. HSBC stated that HSBC Orion will operate as a digital securities depository within the DSS and claims to be the first company approved by the Bank of England to go live in the sandbox. The platform will support native digital bond issuances, including the UK's planned digital sovereign bond, the Digital Gilt Instrument (DIGIT), and corporate bonds. HSBC noted that HSBC Orion has facilitated over $5 billion in global digital bond issuances. The UK Treasury stated that the first DIGIT transaction is expected to take place in the first quarter of 2027. HSBC has signed a memorandum of understanding with the London Stock Exchange Group to develop connectivity capabilities that support investor participation in the pilot issuance.
英国拟于 2027 年初发行首个数字主权债券，或成首个在分布式账本上发行国债的 G7 国家
The UK plans to launch its first digital sovereign bond, DIGIT, in early 2027, and is expected to become the first G7 country to issue government debt on distributed ledger infrastructure. The bond will be denominated in sterling, issued via the HSBC Orion platform, and operate within the Digital Securities Sandbox of the Bank of England and the Financial Conduct Authority.
UK plans to issue first G7 digital sovereign bond by early 2027
the UK plans to issue its first digital sovereign bond by early 2027, becoming the first G7 country to issue government debt on a distributed ledger. The bond will be listed on HSBC’s Orion platform and included in the digital securities sandbox of the Bank of England (BoE) and the UK Financial Conduct Authority (FCA) to test shorter settlement times and lower costs. BoE Governor Andrew Bailey stated that the BoE plans to make the bond eligible as collateral for market operations, allowing banks to use the bond in central bank funding transactions.
HSBC Completes First Digital-Native Structured Product Issuance in Hong Kong
According to The Defiant, HSBC completed the first private placement of a digital-native structured product in Hong Kong, with USD-denominated notes issued directly on the blockchain (rather than digitized after issuance). Marketnode served as the tokenization agent and digital payment agent, responsible for managing the flow of funds between the issuer and investors. This issuance was positioned as a pilot project aimed at verifying the application potential of tokenization technology throughout the product's full lifecycle (issuance, settlement, ongoing servicing). It is a continuation of HSBC's multi-year strategic layout in the digital asset sector. Previously, the bank launched the HSBC Orion tokenization platform and retail gold tokens, and participated in the Monetary Authority of Singapore's Project Guardian alongside Marketnode and UOB.
South Korea’s KB Kookmin Bank Issues $100 Million Blockchain-Based Digital Bond in Hong Kong
According to the Seoul Economic Daily, KB Kookmin Bank announced the issuance of a USD 100 million blockchain-based digital bond in the Hong Kong market, marking the first time a Korean bank has applied blockchain technology to an actual foreign-currency financing transaction. This issuance reduces the settlement cycle from the traditional five business days to three business days, helping streamline processes and lower counterparty settlement risk. The two-year USD digital bond was issued privately, with HSBC serving as the sole bookrunner; the issuance process was completed via HSBC’s digital asset platform, Orion.
Kookmin Bank Issues $100 Million Blockchain Digital Bond, a First for South Korea's Banking Industry
Kookmin Bank has successfully issued a $100 million blockchain digital bond, marking the first such issuance in South Korea's banking sector. The bond was issued through HSBC's digital asset platform Orion and will subsequently be connected to the clearing and settlement system of the Central Moneymarkets Unit under the Hong Kong Monetary Authority. Kookmin Bank will also leverage the HKMA's digital bond subsidy scheme to reduce part of the issuance costs. The bank stated that this issuance is part of KB Financial Group's "Transformation and Expansion" strategy, following the completion of a technical verification for Korean won stablecoin payment and settlement, as it accelerates its digital financial transformation.