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Bank of China issues tokenized note on Ethereum as Hong Kong woos Coinbase
BOCI, an investment bank owned by Bank of China, a state-owned bank that serves domestic and overseas clients, has announced the successful issuance of a CNH 20 million digital structured note on the Ethereum blockchain, becoming the first Chinese financial institution to issue a tokenized security in Hong Kong. According to an announcement from BOCI, the new product was originated by UBS and offered to its clients in Asia Pacific in a move that represents the start of a long-term collaboration between BOCI and UBS in the digital structured note space. “Working together with UBS, we are driving the simplification ... (full story)