Deep Tide TechFlow News, June 11th, according to Seoul Economic Daily, Korea's KB Kookmin Bank announced the issuance of a $100 million blockchain digital bond in the Hong Kong market, marking the first time for a Korean bank to apply blockchain technology to actual foreign currency financing business. This issuance shortens the settlement cycle from the traditional 5 business days to 3 business days, helping to streamline the process and reduce settlement default risk. It is reported that this two-year USD digital bond was issued through a private placement, with HSBC serving as the sole bookrunner, and the issuance process was completed via HSBC's digital asset platform Orion.

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