Hana Bank completes South Korea's first digital bond on Euroclear blockchain

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Hana Bank has issued South Korea's first digital bond using Euroclear's blockchain technology. This issuance reportedly reduced settlement times for a $100 million foreign-currency bond.

Key facts

• Hana Bank has issued South Korea's first digital bond.
• The digital bond utilized Euroclear's blockchain infrastructure.
• The issuance was for a $100 million foreign-currency bond.
• Settlement times for the bond were reportedly reduced.
• Blockchain technology in financial instruments aims to increase efficiency and transparency.