{"id":28093,"date":"2020-09-02T20:03:48","date_gmt":"2020-09-02T17:03:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28093"},"modified":"2025-08-27T09:37:58","modified_gmt":"2025-08-27T06:37:58","slug":"singapore-exchange-completes-first-blockchain-based-bond-issue","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/singapore-exchange-completes-first-blockchain-based-bond-issue\/","title":{"rendered":"Singapore Exchange completes first blockchain-based bond issue"},"content":{"rendered":"<p>The Singapore Exchange (SGX), in collaboration with HSBC Singapore and Temasek, has completed the first issue of bonds on SGX&#8217;s blockchain platform.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/SGXNews?src=hash&#038;ref_src=twsrc%5Etfw\">#SGXNews<\/a> \u2014 <a href=\"https:\/\/twitter.com\/hashtag\/SGX?src=hash&#038;ref_src=twsrc%5Etfw\">#SGX<\/a>, in collaboration with <a href=\"https:\/\/twitter.com\/HSBC?ref_src=twsrc%5Etfw\">@HSBC<\/a> and <a href=\"https:\/\/twitter.com\/Temasek?ref_src=twsrc%5Etfw\">@Temasek<\/a>, completes pilot digital bond for Olam International: <a href=\"https:\/\/t.co\/w6PlDLtbi4\">https:\/\/t.co\/w6PlDLtbi4<\/a><\/p>\n<p>This marks the 1st step towards wider use of smart contracts &#038; distributed ledger technology <a href=\"https:\/\/twitter.com\/hashtag\/DLT?src=hash&#038;ref_src=twsrc%5Etfw\">#DLT<\/a> for the Asian bond market<a href=\"https:\/\/twitter.com\/hashtag\/DistributedLedger?src=hash&#038;ref_src=twsrc%5Etfw\">#DistributedLedger<\/a> <a href=\"https:\/\/t.co\/reyKU30lfT\">pic.twitter.com\/reyKU30lfT<\/a><\/p>\n<p>\u2014 Singapore Exchange (@SGX) <a href=\"https:\/\/twitter.com\/SGX\/status\/1300656262086942721?ref_src=twsrc%5Etfw\">September 1, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThis concerns the issue of government bonds worth $400 million with a five-and-a-half-year maturity, and the subsequent use of $100 million from this issue by the agro-corporation Olam International.<\/p>\n<p>To model the bond and its distributed workflows, Digital Asset&#8217;s DAML smart contract language was used, and for multi-currency support \u2014 HSBC&#8217;s solution.<\/p>\n<p>Exchange officials noted that the pilot project marks the first step toward broader use of smart contracts and distributed ledger technology in the Asian debt market.<\/p>\n<p>Earlier, SGX <a href=\"https:\/\/u1f987.com\/en\/news\/singapore-exchange-lists-its-first-cryptocurrency-indices\">announced<\/a> the listing of the first cryptocurrency indices in its history: the iEdge Bitcoin Index and the iEdge Ethereum Index.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore Exchange (SGX), in collaboration with HSBC Singapore and Temasek, completed the first blockchain-based bond issue on SGX&#8217;s platform.<\/p>\n","protected":false},"author":1,"featured_media":28094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,1431,946],"class_list":["post-28093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-bonds","tag-singapore"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=28093"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28093\/revisions"}],"predecessor-version":[{"id":28095,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/28093\/revisions\/28095"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/28094"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=28093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=28093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=28093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}