Chinese state-owned enterprise issues Ethereum-based RWA digital bond in Hong Kong…raises $700 million

Shenzhen Futian Investment Holdings (shenzhen futian investment holdings, hereinafter SFIH), a state-owned enterprise in Shenzhen, has issued an Ethereum (ETH)-based real-world asset (RWA) digital bond.

According to BeInCrypto on the 2nd (Korea time), SFIH issued the Ethereum-based RWA digital bond 'FTID TOKEN 001' and raised $700 million (about 940 billion won). The lead manager was GF Securities' Hong Kong unit, and many institutions participated, including CMB International, China International Capital Corporation (CICC), Minsheng Capital, Orient Securities, Yongtong Securities, and Guoyuan International.

The bond was issued in Hong Kong on August 29 and was listed on the Shenzhen and Macau markets. International credit rating agency Fitch assigned the bond an A- rating.

'FTID TOKEN 001' has a 2-year maturity and an annual 2.62% coupon structure. Registration and management are carried out through the Ethereum network, marking the first case of a public blockchain-based tokenized security being listed on a traditional exchange. In particular, tokenized bonds in Hong Kong have mainly circulated via private placements until now, but this public offering is said to have expanded access for retail investors.

SFIH said, "This issuance is part of a strategy to diversify international financing channels and optimize the capital structure."