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First Abu Dhabi Bank to Issue MENA’s First Digital Bond on ADX


First Abu Dhabi Bank to Issue MENA’s First Digital Bond on ADX

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  • ADX lists MENA’s first blockchain bond, issued by FAB on HSBC Orion platform
  • Blockchain bond enhances market efficiency, transparency, and investor access
  • Strategic ADX, HSBC, FAB partnership signals shift toward digital capital markets

The Abu Dhabi Securities Exchange (ADX) is preparing to list the first-ever blockchain-based digital bond in the Middle East and North Africa (MENA). 

Issued by First Abu Dhabi Bank (FAB), the nation’s largest bank, and powered by HSBC’s Orion digital asset platform, the listing integrates distributed ledger technology (DLT) directly into capital markets infrastructure.. 

Partnership Forged for Innovation

This milestone comes as a result of strategic collaboration among ADX, HSBC, and FAB. Each party plays a pivotal role in shaping the bond’s structure and distribution. HSBC acted as the sole global coordinator, lead manager, and bookrunner. 

FAB issued the digital bond using HSBC Orion, a platform operated by Hong Kong’s Central Moneymarkets Unit (CMU). The bond’s development involved top-tier international law firms, ensuring that governance and regulatory compliance meet global standards.

Related: Abu…

The post First Abu Dhabi Bank to Issue MENA’s First Digital Bond on ADX appeared first on Coin Edition.

Read the article at CoinEdition

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