“We received considerable demand from regional high net worth individuals and family offices for this debut issue, demonstrating their interest in digital securities,” said Amy Lo, co-head of UBS Global Wealth Management APAC.
The securities were issued by UBS‘s London branch under English and Swiss legislation. While UBS is the issuer, third-party issuers will be considered in the future. The project made use of a restricted version of Ethereum.
This follows last month’s $370 million blockchain bond offering on the SIX Digital Exchange.
Meanwhile, in Asia, a slew of digital securities and tokenization platforms are being established.
Singapore is a pioneer, with the Singapore Exchange (SGX) supporting numerous platforms such as ADDX and Marketnode. DBS, Singapore’s largest bank, has issued a tokenized bond through its platform, and SBI Digital Markets, based in Japan, has a presence in Singapore and is planning to issue digital bonds.
Japan is the home to various token issuing platforms. One of these is MUFG’s Progmat, which has already participated in a number of security token issuances, primarily in the real estate sector.
Nomura and ibet software co-founded the BOOSTRY blockchain platform for bond issuance. It is collaborating on green bond issuance with Tokyo Stock Exchange operator JPX.
The Hong Kong government is investigating blockchain-based green bonds.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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