Today HSBC announced plans to launch HSBC Orion, its DLT-based bond tokenization platform. It says that European Investment Bank (EIB) might use it to issue a GBP tokenized bond under Luxembourg law.
The solution enables the tokenization of both the digital bond and the currency used for settlement, enabling atomic settlement or delivery versus payment (DvP).
“Digital assets are a fast growing part of financial markets. Our clients are demanding solutions that can deliver the benefits of tokenisation within a trusted and secure environment,” said John O’Neill, Global Head of Digital Asset Strategy, Markets & Securities Services, HBSC.
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