Abu Dhabi Securities Exchange Partners with HSBC and FAB to Enter Bond Tokenization
Foresight News reports, according to CoinDesk, that the Abu Dhabi Securities Exchange (ADX) has announced the listing of the Middle East and North Africa’s first blockchain-based bond. The bond, issued by First Abu Dhabi Bank (FAB) through HSBC’s digital asset platform Orion, will be recorded and traded on a distributed ledger and made accessible to global institutional investors via international settlement systems such as Euroclear.
The CEO of ADX Group stated that this move lays the groundwork for the future launch of more types of tokenized assets, such as green bonds and Islamic bonds. This issuance marks a significant step forward for the UAE in advancing the digitalization of traditional financial assets.
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