CCB Labuan Branch: Not the First Bank to Issue Bonds with Blockchain Technology

Abstract : The branch clarified that CCB was not the issuer of the bond, but the lead arranger and issuance consultant of the bond.

ChainDD
ChainDD

Nov 14

November 14 (ChainDD) According to the report by Cailian Press, the Labuan branch of China Construction Bank (CCB) issued a statement on the first bond issuance using blockchain technology.

The branch clarified that CCB was not the issuer of the bond, but the lead arranger and issuance consultant of the bond. At the same time, CCB, which does not accept cryptocurrency bank transactions including Bitcoin, acts as the clearing and settlement agent bank for USD funds.

According to the report before, it is said that China Construction Bank (CCB) was going to launch the sale of US $3 billion worth of debt on blockchain, which both individual and institutional investors could buy and sell the bond in US dollars or Bitcoin.

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