Mirae Asset Securities Hong Kong said Tuesday it had issued a U.S. dollar-denominated digital bond in Hong Kong using its proprietary tokenization system, marking the first such issuance by an overseas unit of a Korean financial institution.
The six-month floating-rate note was issued using the Solana and Ethereum networks, with a total of $12.5 million sold.
Digital bonds are products in which rights to bonds are represented as digital tokens on a blockchain, allowing transaction records to be transparently recorded and verified.
They are designed to automate interest payments and maturity repayments, thereby enhancing the efficiency of settlement and management operations.
The significance of this issuance lies in the application of Mirae Asset's proprietary technology and operational capabilities throughout the entire process, from product planning to token issuance, settlement, and post-issuance management.
An official from the Hong Kong entity said, "Based on the experience and networks accumulated in global markets, we will gradually expand our tokenization products."
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