BOCI, a wholly-owned subsidiary of the Bank of China has successfully issued CNH 200 million fully digital structured notes, making it the first Chinese financial institution to issue a tokenized security in Hong Kong, a UBS press release states. The product was originated by UBS and placed to its clients in Asia Pacific, marking a long-term collaboration between BOCI and UBS in the space of digital structured notes.
By issuing these digital securities, both BOCI and UBS have taken new steps regarding applicable law and blockchain types. This transaction marks the first product of its kind in Asia Pacific constituted under Hong Kong and Swiss law and tokenized on the main Ethereum blockchain, successfully introducing regulated securities onto a public blockchain.
As an overseas investment banking institution of the BOC Group, BOCI has a long history of serving various types of clients through continuous product innovation. BOCI was the first Chinese financial institution to issue structured notes overseas. BOCI is a leading Chinese issuer with a full range of products, a large volume of issuance, and complete services to its clients.
