KB Kookmin Bank issues South Korea's first USD digital bond on HSBC's blockchain platform

KB Kookmin Bank has officially become the first South Korean bank to raise $100 million through a blockchain-based dollar bond. The company used HSBC’s Orion digital asset platform for the two-year note. HSBC is acting as the sole lead manager of the deal, as KB Kookmin Bank said it expects to offset some issuance costs...