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According to South Korean media Sedaily, Korea's Kookmin Bank (KB Kookmin Bank) announced the issuance of a $100 million blockchain digital bond in the Hong Kong market. It is reported that this issuance is also the first time in Korean banking industry history to apply blockchain technology to actual foreign currency financing business. It is understood that this two-year USD digital bond was issued through a private placement, with an issuance rate of SOFR (Secured Overnight Financing Rate) + 0.4 percentage points. HSBC served as the sole bookrunner, and the issuance process was completed through HSBC's digital asset platform Orion. Kookmin Bank stated that this issuance will shorten the settlement cycle from the traditional 5 business days to 3 business days, helping to streamline the process and reduce settlement default risk.