Guotai Junan International issues the first public digital native bond issued by a Chinese securities firm, with a scale not exceeding 300 million US dollars

According to official sources, Guotai Junan International Holdings Limited, a subsidiary of Guotai Haitong Group, announced the issuance of its first digital native bond. This issuance is the first public digital native bond issued by a Chinese securities firm, with a scale of no more than 300 million US dollars and using HSBC Orion as the digital asset platform. Digital bonds are a type of bond issued using blockchain or distributed ledger technology, characterized by digitization, programmability, automatic execution, higher transparency, and the ability to reduce settlement risks and costs.