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Chinese bank, BOCI has officially issued the country’s first tokenized security on the Ethereum blockchain. Specifically, UBS announced that the tokenized notes from which BOCI, Bank of China’s investment banking division, has broken new ground by issuing 200 million yuan ($28 million) in fully digital structured notes in Hong Kong. This is The Bank of China Investment (BOCI) bank, in partnership with US Bancorp (USB), issued CNH 200 million ($28 million) fully digital structured notes on the Ethereum On June 12, Bank of China’s investment bank subsidiary BOCI announced the issuance of 200 million Chinese yuan ($28 million) worth of digital structured notes minted on the Ethereum The Bank of China’s investment banking arm BOCI issued tokenized securities on Ethereum in Hong Kong, according to a Monday press release. BOCI offered Bank of China investment bank BOCI issued fully digital structured notes worth 200 million of offshore renminbi ($28 million) on the Ethereum blockchain, making it the

Chinese Bank BOCI Issues Country's First Tokenized Security on Ethereum

In a landmark achievement for the adoption of blockchain technology in finance, Chinese bank BOCI has officially issued the country’s first tokenized security on the Ethereum blockchain. This groundbreaking move signals a significant step forward for digital assets in China and the broader global financial landscape.

Specifically, UBS announced that the tokenized notes from which BOCI, Bank of China’s investment banking division, has broken new ground by issuing 200 million yuan ($28 million) in fully digital structured notes in Hong Kong. This innovative approach leverages the power and efficiency of the Ethereum blockchain to streamline the issuance and management of securities.

The Bank of China Investment (BOCI) bank, in partnership with US Bancorp (USB), issued CNH 200 million ($28 million) fully digital structured notes on the Ethereum. This collaboration highlights the growing interest and involvement of established financial institutions in the digital asset space.

On June 12, Bank of China’s investment bank subsidiary BOCI announced the issuance of 200 million Chinese yuan ($28 million) worth of digital structured notes minted on the Ethereum. The issuance demonstrates the potential of blockchain technology to enhance transparency, reduce costs, and improve accessibility in the financial markets.

The Bank of China’s investment banking arm BOCI issued tokenized securities on Ethereum in Hong Kong, according to a Monday press release. This strategic move positions BOCI at the forefront of innovation within the Chinese banking sector and underscores its commitment to exploring and adopting cutting-edge technologies.

BOCI offered Bank of China investment bank BOCI issued fully digital structured notes worth 200 million of offshore renminbi ($28 million) on the Ethereum blockchain, making it the first initiative of its kind in the region. This milestone underscores the growing acceptance and integration of digital assets within traditional financial systems and paves the way for future innovation in the space.

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