HSBC has issued HK$1 billion ($128 million) of one-year digital notes using distributed ledger technology (DLT), ChainCatcher reported. The structure of the issuance is similar to the $756 million Hong Kong sovereign digital bond issued earlier this year.

The latest digital notes were issued via HSBC Orion DLT, with local central securities depository (CSD) CMU acting as platform operator. HSBC Orion, HSBC’s blockchain bond tokenization platform, uses Digital Asset’s DAML combined with Hyperledger Fabric.