HSBC announced today the successful private placement of its first digitally native structured product. It involves US dollar-denominated notes issued in Hong Kong, supported by Marketnode, an Asia Pacific digital market infrastructure operator.

Marketnode acted as the tokenisation agent, enabling digitally native issuance directly on a blockchain. It also acted as the digital paying agent, managing payment flows between issuer and investor.

Suvir Loomba, regional head of securities services, Asia, at HSBC, and Marketnode board member, said: “Building on HSBC’s work in digital assets and innovation, this issuance demonstrates how we’re working with market participants to develop practical, scalable solutions for institutional-grade digital finance.”

“Tokenisation can help make markets more efficient and accessible by streamlining key steps across product lifecycles – from issuance and settlement, through to ongoing administration and servicing.”

Patrick Boumalham, head of institutional sales, Asia, at HSBC, added: “Structured products are an important part of investment solutions for institutional and wealth clients across Asia, where demand continues to grow.”

“As one of the leading issuers of structured products in Asia, we see clear potential for tokenisation to improve the efficiency of issuance, settlement and servicing, while creating a more scalable foundation for future product innovation.”

Rehan Ahmed, CEO at Marketnode, said: “Issuance of structured notes, a mainstay of Asian investment portfolios, in a digitally native format with HSBC marks a meaningful step towards enabling investors to manage more of their portfolios on-chain, pairing broader access with efficiency gains.”

“As the tokenisation agent and digital paying agent, we’re pleased to support this milestone for the future of digital wealth management.”