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Hana Bank Reportedly Uses Euroclear Blockchain for $100M Digital Bond

Hana Bank reportedly issued a five-year, $100 million digital bond through Euroclear’s blockchain infrastructure, cutting settlement from three to five business days to the same day, according to Cointelegraph.

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Hana Bank Reportedly Uses Euroclear Blockchain for $100M Digital Bond

Hana Bank has reportedly issued a five-year digital bond worth $100 million using Euroclear’s blockchain infrastructure, according to Cointelegraph. The transaction reportedly reduced the settlement period from three to five business days to the same day. The development highlights the potential for blockchain-based systems to streamline settlement in digital bond markets. No further details about the issuance were provided in the source material, including the bond’s terms, investor demand or pricing. The report concerns a capital-markets transaction involving Hana Bank and Euroclear’s blockchain infrastructure; it does not establish any direct connection to the crypto assets listed on this page.

Source Cointelegraph Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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