The Abu Dhabi Securities Exchange (ADX) has entered the pricing phase for the region’s inaugural bond utilising distributed ledger technology (DLT).
This marks a significant move in ADX’s quest to spearhead financial innovation in line with Abu Dhabi’s digital transformation goals.
First Abu Dhabi Bank (FAB), in collaboration with HSBC Orion—a leading digital assets platform—is set to list this groundbreaking bond. This endeavour showcases a strategic alliance between ADX, HSBC, and FAB, merging regional financial leadership with global digital expertise.
The bond is managed by HSBC Orion, under the Central Moneymarkets Unit (CMU) in Hong Kong, with support from top-tier international law firms, ensuring rigorous governance standards.
Global investors can access these digital bonds through accounts with CMU, Euroclear, and Clearstream, or by onboarding onto HSBC Orion directly or through existing custodians.
The inclusion of this digital bond enriches ADX’s financial offerings, emphasising its role as a pioneer in tokenised finance. These digital bonds leverage blockchain technology to deliver efficiencies, faster settlement cycles, reduced risks, and enhanced security for institutional investors.
This bond seamlessly integrates digital technology with existing post-trade infrastructure, bridging traditional markets with innovative issuance models and enhancing institutional access.
