Hana Bank issues $100M digital bond via Euroclear (欧洲清算银行) infrastructure
Hana Bank has issued a $100 million, five-year foreign currency digital bond using the digital financial market infrastructure of Euroclear (欧洲清算银行). This marks the first digital bond issuance in South Korea to directly utilize Euroclear's blockchain. The issuance, registration, and settlement are processed on a distributed ledger, reducing the settlement time from three to five business days to the same day. Investors can trade the bond through existing accounts and systems via the Euroclear global settlement network.
Summaries are written by AI from the original article. Not investment advice.