ADX partners with HSBC and FAB to launch digital bond
03 July 2025 UAE
Image: stock.adobe.com/philipus
Abu Dhabi Securities Exchange (ADX) has commenced the pricing stage of a distributed ledger technology (DLT)-based bond.
The digital bond — the first in Middle East and North Africa — has been issued by First Abu Dhabi Bank (FAB) using HSBC’s digital assets platform Orion 1.
Abdulla Salem Alnuaimi, group CEO of ADX, says: “The successful issuance of MENA’s first blockchain-based digital bond, in close collaboration with FAB and HSBC, marks a defining moment in our journey to transform capital markets through innovation.”
Global investors will be able to access the digital bond through accounts held with the Central Moneymarkets Unit, Euroclear, and Clearstream, onboarding onto HSBC Orion.
Lars Kramer, group chief financial officer at FAB, says: “Together with ADX and HSBC, we are setting new benchmarks in efficiency, transparency, and security, while aligning with the UAE’s progressive regulatory framework.
“By transforming traditional settlement processes into seamless digital workflows, we are not only advancing FAB’s digital transformation but also supporting investors navigate the global digital assets landscape.”
Mohamed Al Marzooqi, CEO for UAE at HSBC Bank Middle East, adds: “By combining our global experience with trusted local partners, ADX and FAB, we’re helping bolster the region’s capital markets - making them more transparent, efficient and accessible to investors.”
The digital bond — the first in Middle East and North Africa — has been issued by First Abu Dhabi Bank (FAB) using HSBC’s digital assets platform Orion 1.
Abdulla Salem Alnuaimi, group CEO of ADX, says: “The successful issuance of MENA’s first blockchain-based digital bond, in close collaboration with FAB and HSBC, marks a defining moment in our journey to transform capital markets through innovation.”
Global investors will be able to access the digital bond through accounts held with the Central Moneymarkets Unit, Euroclear, and Clearstream, onboarding onto HSBC Orion.
Lars Kramer, group chief financial officer at FAB, says: “Together with ADX and HSBC, we are setting new benchmarks in efficiency, transparency, and security, while aligning with the UAE’s progressive regulatory framework.
“By transforming traditional settlement processes into seamless digital workflows, we are not only advancing FAB’s digital transformation but also supporting investors navigate the global digital assets landscape.”
Mohamed Al Marzooqi, CEO for UAE at HSBC Bank Middle East, adds: “By combining our global experience with trusted local partners, ADX and FAB, we’re helping bolster the region’s capital markets - making them more transparent, efficient and accessible to investors.”
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