On June 12, the funding banking subsidiary of Financial institution of China BOCI announcement the issuance of $200 million ($28 million) of digital structured notes minted on the blockchain. This choice makes BOCI the primary Chinese language monetary establishment to subject a symbolic safety in Hong Kong. Funding banking agency UBS helped create the product to position it with its consumer within the Asia-Pacific area. Ying Wang, Deputy CEO of BOCI, commented:
Together with the event, UBS has prolonged its tokenization to structured merchandise, mounted revenue securities and pension funding. The corporate issued a $50 million tokenized mounted charge notice in December 2022 beneath English and Swiss regulation, digitized on a licensed blockchain.
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