HSBC To Power Pilot Issuance Of UK Digital Bonds – Details
The UK government has tapped HSBC’s blockchain platform to run a pilot for issuing digital government bonds, called the Digital Gilt Instrument, or DIGIT. Related Reading: Stablecoins See Largest Conversion Spreads In Africa, Research Shows The move marks a concrete step toward testing whether blockchain technology can improve efficiency in sovereign debt markets. Reports say […]
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The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at a possible delay that would see the bonds go out to the market in May or even July.
El Salvador Might Issue Bitcoin Bonds Through La Geo
The treasury minister of El Salvador, Alejandro Zelaya, gave his take on the issuance of the bitcoin bonds and how these might be linked to La Geo, the....
Israel's Ministry of Finance and the Tel Aviv Stock Exchange expect to finish the pilot project by Q1 2023. The Israeli Ministry of Finance, together with the Tel Aviv Stock Exchange (TASE), digital assets custody provider Fireblock and the United States software solutions developer VMware, will conduct the testing of a blockchain-backed platform for digital bonds trading. These bonds will be issued by the Ministry of Finance. The news broke out in the local media on Oct. 19. Coming under the name Eden, the new project is intended to reduce costs and optimize the procedure of national....
The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform. The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology.Within two weeks of the launch, the central bank sold more than $1.6 billion worth of savings bonds, as per IBM’s official announcement on Oct. 5, 2020.The use of blockchain technology is said to have reduced the bond issuance time from 15 days to just two days. The increased efficiency of the process has also reduced operational cost and redundant....
The European Investment Bank (EIB), the investment bank owned by the EU Member States, has announced the issuance of the organization’s first-ever digital bond built on a public blockchain. The bond was issued using Ethereum and the issuance invoked $121 million two-year bonds placed with key market investors. EIB Issues Digital Bonds Built With Ethereum Technology The EIB, a not-for-profit organization and lending arm of the European Union announced on Wednesday that the bank has issued a new type of digital bond built using blockchain technology. On April 28, 2021, the EIB....
It is not currently clear when or if China Construction bank's debt issuance sale will be rescheduled. The listing of China Construction Bank’s blockchain-based debt issuance bonds has been delayed “at the request of the issuer” until further notice, according to a Nov. 13 statement from the Fusang exchange where they were due to be traded.A block-explorer scan of the smart-contract address associated with the sale shows no transactions, suggesting that the sale and issuance of the bonds has also been delayed.As Cointelegraph reported just last week, CCB is the second-largest bank in the....