Abu Dhabi Stock Exchange to list the first blockchain bond in the Middle East and North Africa region

Golden Finance reports that the Abu Dhabi Securities Exchange (ADX) has announced its readiness to list the first blockchain based bond in the Middle East and North Africa region, which will be issued by Abu Dhabi First Bank (FAB) using HSBC's digital asset issuance platform Orion. This bond will be recorded and traded on distributed ledger technology, and investors can directly purchase and hold it on the blockchain, which is expected to accelerate settlement time, reduce counterparty risk, and improve transparency. Global institutional investors can obtain this bond through major securities settlement systems, including Euroclear, Clearstream, and the Central Money Market Unit in Hong Kong.