Bank Of China's Investment Subsidiary Issues Ethereum-Based Tokenized Securities In Hong Kong
Portfolio Pulse from Murtuza Merchant
Bank of China's investment subsidiary, BOCI, has issued $28 million worth of Ethereum-based tokenized securities in Hong Kong, marking the first product of its kind in Asia Pacific. UBS collaborated with BOCI for this venture, following its own issuance of a $50 million tokenized fixed rate note in December.
June 12, 2023 | 6:44 pm
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Binance CEO Changpeng Zhao highlighted the growing interest in cryptocurrencies in Chinese-language communities.
The mention of Binance and its CEO's observation of growing interest in cryptocurrencies in Chinese-language communities indicates a potential increase in demand for Binance Coin (BNB) and other cryptocurrencies. This could have a positive impact on BNB's price in the short term.
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BOCI issues $28 million Ethereum-based tokenized securities in Hong Kong, marking a first in Asia Pacific.
The issuance of Ethereum-based tokenized securities by BOCI marks a significant milestone for the Ethereum blockchain, as it demonstrates growing adoption and acceptance of the technology in the financial sector. This could lead to increased demand for Ethereum and a positive impact on its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100