Abu Dhabi Stock Exchange joins hands with HSBC and FAB to enter bond tokenization

According to CoinDesk, the Abu Dhabi Stock Exchange (ADX) has announced the listing of the first blockchain based bond in the Middle East and North Africa region. The bond is issued by Abu Dhabi First Bank (FAB) through the HSBC digital asset platform Orion and will be recorded and traded on a distributed ledger, open to global institutional investors through international settlement systems such as Euroclear. The CEO of ADX Group stated that this move lays the foundation for the subsequent launch of more types of tokenized assets such as green bonds and Islamic bonds. This issuance marks significant progress by the UAE in promoting the digitization of traditional financial assets.