According to TechFlow, on June 12, Bank of China International successfully issued RMB 200 million of fully digital structured notes, becoming the first Chinese financial institution to issue tokenized securities in Hong Kong. The product was first created by UBS and is aimed at clients in the Asia-Pacific region, marking the long-term cooperation between Bank of China International and UBS in the field of digital structured notes.

UBS issued $50 million of tokenized fixed-rate notes in December 2022 under UK and Swiss law and digitized on a permissioned blockchain.

By issuing these digital securities, BOCI and UBS have taken new steps in both applicable law and blockchain type. The transaction marks the first such product in the Asia-Pacific region structured under Hong Kong and Swiss law and tokenized on the main Ethereum blockchain, successfully bringing regulated securities to a public blockchain.