One of the world’s top banks issues bonds that can be bought with Bitcoin

The megabank’s plan with the
new blockchain-based debt
issuance is to raise up to $3
billion in total, starting with a
tranche of $58 million, from
individuals and institutions. The
digital bonds will be issued
through an oàshore branch of
CCB in Labuan, Malaysia, at a
minimum of as little as $100
each, and will have a tenor of
three months. They pay an
annualized interest of Libor plus
50 basis points, or roughly
0.75%.
The innovation is that thesebonds are being used as
tokenized certiÕcates of deposit
on the blockchain, which
supports the issuance of such
small-sum bonds; nonblockchain-based bonds are
typically sold at higher
minimums, and are therefore
limited to professional investors
or other banks.
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