Hana Bank, South Korea’s second-largest bank, has issued a $100 million foreign-currency bond using Euroclear’s blockchain platform, according to CoinDesk. The transaction marks South Korea’s first digital bond issuance using the infrastructure. Blockchain-based processing reduced the settlement period to the same day, compared with the three to five business days typically required for the transaction. The issuance highlights the use of distributed-ledger infrastructure in the settlement of capital-markets instruments. The report did not provide further details on the bond’s currency, maturity, coupon, or investors. The development is relevant to financial-market infrastructure and digital-asset market participants tracking the adoption of blockchain technology in traditional banking and securities settlement.
