HSBC Releases Tokenization Platform for Digital Bonds

The European Investment Bank (EIB) is currently exploring the possibility of issuing the market’s “first-ever” GBP tokenized bond, for registration and issuance under Luxembourg law, using HSBC Orion according to a story in Securities Finance Times. The platform leverages blockchain technology as a “single source of truth”, whereby asset and settlement tokens sit natively and securely on the platform’s ledger. Transactions on HSBC Orion occur by exchanging these tokens, achieving digital delivery versus payment. The London-based bank intends to expand the use of HSBC Orion to other locations and asset classes in due course.