Digital Bonds
HSBC Orion: Digital Bond Tokenization Platform
HSBC Orion issued the world's first government tokenized bond via distributed ledger — a HK$1B green bond in February 2023 — and has continued digital bond and structured product issuances.
SIX Digital Exchange (SDX): The World's First Regulated Digital Securities Exchange
SDX holds the world's first FINMA DLT Trading Facility license, operates on R3 Corda, and settled the World Bank's CHF 200M digital bond with atomic DvP on a T+0 basis.
Société Générale FORGE: Digital Bond Issuance and Institutional Tokenization
SG-FORGE has issued EUR 100M in digital bonds on Ethereum using ERC-3643, issued covered bonds as NFTs, and holds a French PSAN registration for digital asset services.