Abu Dhabi Securities Exchange (Adx) Said Thursday that it is preparing to list the first blockchain-based tape in the Middle East and North Africa (MENA) Region, a step that signalizes growing momentum behind tokenized funding in the region.
Set to be issued by First Abu Dhabi Bank (FAB) Using Global Bank HSBC’s digital asset issuing platform Orion, the bond will be registered and traded on distributed headbox technology, the press release said. This means that investors will be able to buy and keep the bond directly on blockchain rails, potentially speed up settlement times, reduce counterparty risk and improve transparency.
The bond will be available to global institutional investors via major securities, including Euroclear, Clearstream and Hong Kong’s central money markets.
Issuing is part of Abu Dhabi’s wider strategy to play a key role in tokenization of assets in the real world (RWA) such as bonds, funds real or property, a red -hot trend that has paid attention to the attention of large banks and asset leaders. The Tokenized RWA market could grow to trillion of dollars in the coming years, more reports from Ripple, BCG, McKinsey and Standard Chartered projected.
“This initiative not only extends access to digital instruments in institutional qualities, but also lays the basis for a wider class of tokenized assets-Inclusive
Green Bonds, Sukuk [Islamic bond] And real estate -bound products, “Adx Group CEO Abdulla Salem Alnuaimi said in a statement.
“It strengthens Abu Dhabi’s position as a leading global financial center,” he added.
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