Hana Bank Issues $100 Million Digital Bond with Same-Day Settlement

Hana Bank has made a significant move in the financial industry by issuing a $100 million digital bond through Euroclear's blockchain platform. This is the first same-day, or T+0, settlement in South Korea's foreign-currency bond market.

The bank issued the five-year bond on September 18th through D-FMI, a distributed-ledger-technology platform operated by global international central securities depository Euroclear. The offering marked the first time a South Korean financial institution had issued a digital bond directly using Euroclear's proprietary blockchain infrastructure.

Standard Chartered acted as sole bookrunner, overseeing the entire process from structuring to issuance and distribution.