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HSBC announced that it will launch HSBC Orion – its new proprietary tokenisation platform that financial institutions and corporates will be able to use to issue digital bonds based on distributed ledger technology. The European Investment Bank (EIB) is currently exploring the possibility of issuing the market’s first-ever GBP tokenised bond, for registration and issuance under Luxembourg law, using HSBC Orion.
HSBC Orion leverages blockchain technology as a ‘single source of truth’, whereby asset and settlement tokens sit natively and securely on the platform’s ledger. Transactions occur by exchanging these tokens, achieving digital ‘delivery versus payment’. HSBC intends to expand the use of HSBC Orion to other locations and asset classes in due course...
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