BOCI & UBS pioneer tokenized securities in HK market with first fully digital structured notes

BOCI has achieved another milestone by successfully issuing CNH 200 million fully digital structured notes, which are the first tokenized security to hit the Hong Kong market, comprising Hong Kong and Swiss law and tokenized on the main Ethereum blockchain. The notes were originated by UBS and were placed with clients in the Asia Pacific region, signifying a long-term partnership between BOCI and UBS in the digital structured notes sector.

UBS had earlier issued a USD 50 million tokenized fixed rate note in December 2022 under English and Swiss law, digitized on a permissioned blockchain. These digital securities represent a significant development in terms of applicable law and blockchain types and introduce regulated securities onto a public blockchain.

BOCI is a reputed overseas investment banking institution of the BOC Group, with an extensive product range, large issuance volume, and complete services to clients, having pioneered structured note issuance overseas for Chinese financial institutions.