HSBC issues first blockchain-based digital structured product in Hong Kong

HSBC announced on July 10 that it has issued its first "Digitally Native" structured product in Hong Kong. The product, a U.S. dollar-based structured note, was issued directly on a blockchain from the point of issuance. Specific details, including the issuance size, underlying asset, maturity date, number of investors, and the blockchain platform used, were not disclosed. HSBC has been expanding its tokenization business, primarily in the Hong Kong market, and previously launched a gold token for retail investors.