Shangao Holdings has successfully issued tokenized corporate bonds worth 40 million USD, marking a new milestone in the application of blockchain technology in Hong Kong.
This tokenized bond is implemented on the HashKey Chain platform, aiming to promote the development of the 'AI computing power and data asset' sector. This is the first tokenized corporate bond product in Hong Kong, opening up a digital transformation trend for physical assets.
MAIN CONTENT
Shangao Holdings announces the issuance of tokenized corporate bonds worth 40 million USD.
The tokenization product implemented on the HashKey Chain platform aims for AI and data growth.
This is the first time Hong Kong has issued corporate bonds in the form of tokenization.
How did Shangao Holdings issue tokenized corporate bonds?
Shangao Holdings' tokenized bond has a total issuance of up to 40 million USD, confirmed as the first tokenized corporate bond product in Hong Kong. This not only ensures transparency but also enhances liquidity and capital access for the company.
Implemented on the HashKey Chain platform, this project leverages blockchain technology to establish tokenized bonds that can be traded effectively in the digital environment. The company's high-quality physical assets will also gradually be connected and 'tokenized', expanding the application scope of assets in the market.
Why did Shangao Holdings choose HashKey Chain to issue tokenized bonds?
HashKey Chain provides an outstanding blockchain platform with high security and flexible scalability, suitable for complex financial products like tokenized corporate bonds. This helps Shangao Holdings ensure investor rights and transparency in capital flow.
This platform supports the storage, trading, and management of digital assets according to international standards, while complying with current regulations in Hong Kong. Thus, Shangao Holdings can access a wide range of investors both domestically and internationally, promoting long-term growth for the company.
"The issuance of tokenized bonds is an important breakthrough, helping the company easily raise capital and enhance asset management efficiency in the digital age."
CEO of Shangao Holdings, 22/08/2023
How does the tokenization of corporate bonds impact the development of digital assets in Hong Kong?
The issuance of tokenized bonds by Shangao Holdings lays the foundation for the development of the digital asset market in Hong Kong. This is an initial step demonstrating the potential application of blockchain in digitizing physical assets and traditional financial instruments.
This trend will encourage other businesses to research and apply new technologies to enhance transparency and convenience, while also expanding fundraising opportunities both regionally and internationally. The 'tokenization' of assets is expected to create a modern and more flexible financial ecosystem.
What are the main benefits when companies issue tokenized bonds?
Tokenized bonds offer significant benefits such as increased liquidity, reduced transaction costs, and enhanced access for global investors. Digitization helps to accurately control ownership rights and asset transaction history.
In addition, blockchain technology allows for quick processing of issuance and bond payment procedures, minimizing fraud and human error risks. This is a sustainable development trend that supports businesses in optimizing capital sources and building market trust.
Frequently Asked Questions
What are tokenized corporate bonds?
Tokenized bonds are digital debt instruments on the blockchain platform, enabling more transparent and easier transactions compared to traditional bonds.
Why did Shangao Holdings choose HashKey Chain for tokenized bond issuance?
HashKey Chain ensures security, legal compliance, and supports flexible transactions of digital assets, meeting the financial needs of businesses.
What benefits do tokenized bonds offer to investors?
Investors enjoy a fast, transparent trading experience, low costs, and easier access to new financial products.
How does the issuance of tokenized bonds affect the digital asset market?
Helps promote the development of the digital asset market, increase liquidity, and expand access to global capital.
Are tokenized bonds the future trend of corporate finance?
This is a modern trend that contributes to increased transparency, cost optimization, and helps businesses raise capital more efficiently.
Source: https://tintucbitcoin.com/shan-gao-phat-hanh-token-trai-phieu/
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