HSBC Pioneers Blockchain-Based Structured Notes in Hong Kong

HSBC has successfully issued its first blockchain-based structured notes in Hong Kong. The digitally native structured product was issued through a private placement, marking HSBC's first use of blockchain technology for this type of transaction.

The pilot project used Marketnode to support tokenisation and payments, allowing HSBC to issue the notes directly on blockchain infrastructure. This streamlined process simplified issuance, settlement, administration, and servicing while creating a more connected digital framework.

HSBC's regional head of securities services for Asia, Suvir Loomba, noted that this initiative builds on the bank's broader digital asset initiatives and highlights the potential of tokenisation to improve efficiency across structured product operations. He emphasized the importance of collaboration with market participants in developing practical blockchain solutions for institutional finance.