HSBC collaborates with Abu Dhabi Bank and the exchange to launch the first tokenized fixed income product in the Middle East and North Asia

ChainCatcher news, according to FinanceFeeds, the Abu Dhabi Securities Exchange (ADX) has launched the first digital currency pricing process in the Middle East and North Africa region based on Distributed Ledger Technology (DLT).

The bond is issued by First Abu Dhabi Bank (FAB) and will be listed on ADX, launched through HSBC's Orion platform, which is a blockchain-based digital asset infrastructure operated by the Hong Kong Central Money Unit (CMU).

This transaction is the result of a collaboration between ADX, HSBC, and FAB, combining local market infrastructure with HSBC's experience in digital issuance. Global investors will be able to access the bond through accounts with CMU, Euroclear, or Clearstream, or via existing custodians.