Bank of Korea issues $100 million blockchain digital bond

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According to the Korea Economic Daily, the National Bank of Korea has issued a $100 million blockchain digital bond, marking the first of its kind in the Korean banking industry. This bond is issued through Orion, the digital asset platform of HSBC, and subsequently connected to the clearing and settlement system of the central depository and settlement institution under the Hong Kong Monetary Authority. The National Bank of Korea has utilized the Hong Kong Monetary Authority's digital bond subsidy program to reduce some issuance costs. The issuance of this bond by the National Bank of Korea is part of KB Financial Group's transformation and expansion strategy, promoting digital financial transformation after completing the verification of Korean won stablecoin payment settlement technology.

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