Crypto界网 news: HSBC has announced that it has completed the issuance of its first blockchain-based digital-native structured product, using tokenized USD-denominated notes for a private placement aimed at institutional investors in Hong Kong. This pilot transaction involved issuing USD-denominated structured notes in Hong Kong, supported by Marketnode, which served as the tokenization agent and digital payments agent. HSBC said the pilot tested how tokenization can improve the efficiency of issuance, settlement, and management of structured products in the institutional market. Suvir Loomba, head of securities services for HSBC Asia Pacific, said the issuance demonstrates the bank’s efforts to work with market participants to develop blockchain solutions. HSBC’s structured products pilot is part of its digital assets strategy, showing how blockchain technology can improve capital-market processes for institutional participants.