Hana Bank Taps Euroclear Blockchain for $100M Bond
The deal cut settlement from three to five business days to the same day and used Standard Chartered as sole lead manager.
- On Friday, Hana Bank issued a $100 million five-year foreign-currency digital bond through Euroclear's D-FMI platform, completing allocation and settlement the same day—marking South Korea's first T+0 settlement in the foreign-currency bond market.
- Building on its August milestone, Hana Bank became the first South Korean commercial bank to link U.S. dollar settlement through an international central securities depository, accelerating its expansion into international securities infrastructure this year.
- Standard Chartered, sole lead manager, utilized distributed ledger technology to compress settlement from three to five business days to same-day completion, with investors accessing the bond through existing Euroclear accounts without installing separate systems.
- The digital security integrates with Euroclear's conventional settlement infrastructure for secondary-market trading, allowing investors to use existing trading venues and liquidity tools while remaining connected to international securities systems.
- Hana's transaction follows KB Kookmin Bank's $100 million digital bond in June using HSBC's Orion platform, while Euroclear has facilitated €800 million in digital issuances across multiple markets as regional competition in digital debt intensifies.
15 Articles
15 Articles
(Seoul = Yonhap News) Reporter Lee Do-heun = Hana Bank is issuing $100 million worth of 5-year foreign currency digital bonds using Euroclear's blockchain-based platform D-FMI ...
Hana Bank Put $100M on Blockchain and Skipped the 5-Day Wait
Hana Bank raised $100 million with a five-year foreign-currency digital bond and settled the entire transaction the same day, collapsing a process that normally takes three to five business days into T+0. Issued through Euroclear’s blockchain-based D-FMI, the deal marked the first time a Korean financial institution directly used Euroclear’s infrastructure for a digital bond […]
Hana Bank Issues $100 Million Digital Bond With T+0 Settlement
Hana Bank has completed a $100 million five-year foreign-currency digital bond using Euroclear’s distributed ledger technology infrastructure, achieving same-day T+0 settlement in what the bank described as a first for South Korea’s foreign-currency bond market. The transaction was completed on Sept. 18 through D-FMI, a distributed ledger technology platform operated by Euroclear. The bond’s issuance, […]
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