Digital Bond Issuance: Hana Bank Leads the Way in T+0 Settlement

In the global financial landscape, Hana Bank stands out with a revolutionary step. Recently, the institution launched an initial public offering (IPO) of digital bonds through Euroclear's blockchain platform, completing the issuance and settlement process on the same day - known as T+0. This is the first time a South Korean bank has undertaken such an operation in the foreign currency bond market. The total value of the issuance was $100 million with a five-year duration, all automated by D-FMI (Digital Financial Market Infrastructure), which registers and processes transactions on blockchain. This initiative not only represents technological advancement but also reinforces Hana Bank's competitiveness in the digital era of finance.