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Learning & News => News related to Crypto => Topic started by: Lenipiw on September 04, 2020, 05:47:41 PM

Title: Singapore Exchange uses blockchain to issue $300m digital bond
Post by: Lenipiw on September 04, 2020, 05:47:41 PM

DAML smart contract language is now used for digital bonds. Singapore Exchange (SGX), a major investment holding company in Singapore, has issued its first digital bond powered by blockchain technology.

As officially announced on Sept. 1, SGX deployed its digital asset issuance platform to conduct a 400 million Singapore dollar ($294 million) 5.5-year public bond issuance for major local food and agri-business company, Olam International.
Visit Here: https://cointelegraph.com/news/singapore-exchange-uses-blockchain-to-issue-300m-digital-bond

Title: Re: Singapore Exchange uses blockchain to issue $300m digital bond
Post by: highnayem34 on September 10, 2020, 03:57:13 PM

The new digital bond was enabled by cooperation with SGX’s established blockchain partners like HSBC Singapore and investment firm Temasek. As part of the joint initiative, HSBC provided its on-chain payments solution allowing instant settlement in multiple currencies to handle proceeds between the issuer, arranger and investor custodian.