HSBC, ADX, and FAB Drop MENA's First Blockchain Bond - A Game-Changer!

MENA's Digital Leap: HSBC Joins Forces with ADX and FAB

Hold onto your hats, crypto fans! HSBC just teamed up with the Abu Dhabi Securities Exchange and First Abu Dhabi Bank to unleash the MENA region's very first digitally native bond on the blockchain. And guess what? ADX is already in the thick of it, pricing this hot new product.

Orion Platform: The Blockchain Beast Behind the Bond

FAB's issuing this trailblazing bond through HSBC's Orion platform - a beast of a blockchain-based digital asset infrastructure. Orion's powered by the Central Moneymarkets Unit in Hong Kong and also roars in Luxembourg, but this time, it's all about the Hong Kong action. Why? 'Cause it's hooked up with Euroclear and Clearstream, giving global investors a smooth ride in.

Orion's Middle East Debut: A Blockchain Bond Bonanza

This collab with ADX and FAB is Orion's grand entrance into the Middle East scene. But don't think this is Orion's first rodeo - it's been the mastermind behind a digital treasury note from Luxembourg and a whopping €100 million digital bond from the European Investment Bank, all settled with a central bank digital currency. Talk about flexing!

From Green Bonds to Tokenized Gold: Orion's Diverse Portfolio

Remember last year when Orion helped the Hong Kong Monetary Authority pull off a multi-currency green bond shindig? The Hong Kong gov dropped a HKD 6 billion-equivalent digital bond across HKD, CNH, USD, and EUR. And get this - it was settled using atomic delivery-versus-payment, slashing settlement times from T+5 to a lightning-fast T+1, and opening the doors to over 50 global investors. But Orion's not stopping there - it's also been the launchpad for tokenized gold aimed at retail investors. The future's looking bright, and it's all happening on the blockchain!