Hana Bank issues South Korea’s first digital bond using Euroclear’s blockchain
South Korea’s second-largest bank’s $100 million foreign-currency bond blockchain issuance shortened settlement time to the same day from three to five business days.
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Summary
- Hana Bank issued a $100 million digital bond through Euroclear’s blockchain platform, marking the first direct use of the international depository’s distributed-ledger infrastructure by a Korean financial institution.
- The transaction settled on the issuance date, or T+0, compared with the three to five business days typically required under conventional systems.
- The issuance demonstrates how Korean banks can use established global blockchain infrastructure as South Korea prepares to introduce a comprehensive tokenized-securities framework in February 2027.
