Today UBS Hong Kong said that the Bank of China Investment (BOCI) has issued CNH 200 million ($28m) in digital structure notes on the Ethereum public blockchain. While the issuance was by the international investment subsidiary of the Bank of China, domestically, it is state-owned and China’s second largest bank.
The tokenized securities were issued under Hong Kong and Swiss Law on the UBS Tokenize service.
“BOCI is very pleased to be at the forefront of innovation in technology finance and digital finance,” said Ms Ying Wang, Deputy CEO at BOCI. “Working together with UBS, we are driving the simplification of digital asset markets and products, for customers in Asia Pacific through the development of blockchain-based digital structured products, designed specifically for customers in Asia Pacific.”
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