HSBC has completed the private placement of its first digitally native structured product, involving US dollar-denominated notes issued in Hong Kong.
The origination was supported by Marketnode, an APAC digital market infrastructure operator, which acted as the tokenisation agent, enabling the issuance directly on a blockchain, and as the digital paying agent, managing payment flows between issuer and investor.
Commenting on the placement, Suvir Loomba, regional head of securities services, Asia, at HSBC and Marketnode board member, says: “Building on HSBC’s work in digital assets and innovation, this issuance demonstrates how we’re working with market participants to develop practical, scalable solutions for institutional-grade digital finance.”
Patrick Boumalham, head of institutional sales, Asia, at HSBC, adds: “As one of the leading issuers of structured products in Asia, we see clear potential for tokenisation to improve the efficiency of issuance, settlement and servicing, while creating a more scalable foundation for future product innovation.”
Rehan Ahmed, CEO at Marketnode, comments: “Issuance of structured notes, a mainstay of Asian investment portfolios, in a digitally native format with HSBC marks a meaningful step towards enabling investors to manage more of their portfolios on-chain, pairing broader access with efficiency gains.”
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