Abu Dhabi Securities Exchange to List First Blockchain-Based Bond in MENA
The Abu Dhabi Securities Exchange (ADX) plans to list the first blockchain-based bond in the MENA region, issued by First Abu Dhabi Bank (FAB) using HSBC's digital asset platform, Orion. This bond will utilize distributed ledger technology, enabling investors to buy and hold it directly on the blockchain.
Key details include:
- The bond aims to enhance settlement speeds, reduce counterparty risk, and improve transparency.
- It will be accessible to global institutional investors through major securities settlement systems like Euroclear and Clearstream.
- This issuance aligns with Abu Dhabi's strategy to advance the tokenization of real-world assets (RWA), a market expected to reach trillions of dollars in coming years.
- ADX Group CEO Abdulla Salem Alnuaimi highlighted that this initiative may lead to a broader range of tokenized assets, including green bonds and sukuk.
This move reinforces Abu Dhabi's status as a key financial center globally.