The bank announced on June 10 that it has issued $100 million in dollar-denominated digital bonds with a two-year maturity, underwritten solely by HSBC. These digital bonds utilize blockchain technology to manage the entire bond process, including issuance, registration, trading, and settlement, which shortens the settlement period and enhances operational efficiency compared to traditional bonds.
The digital bonds were issued through HSBC's Orion digital asset platform and are linked to a clearing and settlement system operated by the Central Moneymarkets Unit (CMU) under the Hong Kong Monetary Authority (HKMA).
KB Kookmin Bank is expanding its financial services utilizing digital assets and blockchain technology, having recently completed technology validation for payments and remittances based on a Korean won stablecoin.
A bank official stated, "This issuance is part of the group's 'transformation and expansion' strategy to proactively respond to changes in the digital financial environment and strengthen our future financial infrastructure capabilities. We aim to provide safe and convenient financial services through digital financial innovation."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.