The five-year digital bond reportedly shortened settlement from three to five business days to the same day using Euroclear’s blockchain infrastructure.
South Korea’s Hana Bank has reportedly issued a five-year, $100 million digital bond using Euroclear’s blockchain-based platform.&
On Monday, Yonhap News Agency reported that the bank used Euroclear’s Digital Financial Market Infrastructure to issue the foreign-currency bond. The report described the transaction as the first digital bond issuance in South Korea to directly use Euroclear’s blockchain infrastructure.&
According to Yonhap, the bond’s issuance, registration and settlement were processed on a distributed ledger network. Using the technology for bond allocation and payment settlement reportedly shortened the process from three to five business days to the same day.&
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