Huaxia Bank issues 637M blockchain bonds settled in digital yuan
Huaxia Bank issued $637 million in blockchain-based bonds settled entirely with China's digital yuan (CBDC).Summary
Huaxia Bank, a major state-owned Chinese lender, issued $637 million worth of blockchain-based bonds through its subsidiary, Huaxia Financial Leasing. These bonds were settled exclusively using the digital yuan, the central bank digital currency (CBDC) operated by the People’s Bank of China. This issuance showcases the practical application of blockchain technology within China's regulated financial markets, enabling real-time, on-chain recording of the bond process and simplifying settlement by eliminating intermediaries via digital yuan wallets. This move aligns with the broader trend of Chinese state-owned financial institutions integrating blockchain and digital yuan for bond issuance, advancing asset tokenization, while the central bank continues to restrict other cryptocurrencies.
(Source：Crypto Briefing)