In a significant move, Shenzhen Futian Investment Holdings (SFIH) launched a digitally-issued bond worth approximately $700 million on the Ethereum blockchain platform in Hong Kong. This digital bond carries an A-rating from Fitch.
On August 29th, the digital bond made its debut in both the Shenzhen and Macau markets. This marks the first instance of security tokens backed by a public blockchain being traded on conventional stock exchanges.
First Publicly Listed RWA Digital Bond
In Hong Kong, traditionally, tokenized bonds were offered privately through placements. However, this new public offering expands investment opportunities for a broader range of investors and showcases the successful incorporation of blockchain technology in regulated financial sectors.
The tokens are FTID TOKEN 001 (ticker: FTID001, Chinese shorthand: 福币), registered and managed directly on Ethereum. The bond carries a 2.62% coupon, matures in two years, and has received an A- rating from Fitch Ratings, reassuring investors about its credit quality.
Significantly, the state-owned enterprise SFIH, based in Shenzhen, China, has kept a close eye on international financial markets since it made its first overseas bond issue in October 2024. Seizing this chance, they proactively tapped into the growing interest for RWA instruments.
Furthermore, SFIH clarified that this issuance aligns with their broader strategy. It aids in expanding international financing sources and efficiently arranging the company’s capital composition.
Hong Kong Strengthens Digital Finance Role
The agreement was finalized in the city of Hong Kong, which strives to establish itself as a prominent center for digital finance. GF Securities (Hong Kong) acted as the primary underwriter for this deal. Other parties involved were CMB International, CICC, Minsheng Capital, Orient Securities International, Hong Kong Rongtong Securities, and Guoyuan International.
Furthermore, analysts consider this transaction as a substantial advancement in China’s financial evolution. Following State-Owned Enterprise (SFIH) demonstrating the issuance of tokenized debt connected to tangible assets via blockchain technology, other Chinese companies might soon explore blockchain-facilitated fundraising options.
As a analyst, I’d like to highlight the benefits of tokenization. It enhances transparency in transactions, expedites settlement processes, and simplifies global investment opportunities. This makes tokenized securities a compelling alternative to conventional debt instruments, offering advantages that are hard to overlook.
As a crypto investor, I’ve noticed that the world of finance isn’t just dabbling in cryptocurrencies anymore; even major banks and asset managers are exploring the concept of tokenization. A case in point is BlackRock’s tokenized US Treasury fund, BUIDL. The global traction this movement is gaining hints at a possible transformation where tokenized bonds could become commonplace financing tools instead of remaining as niche players.
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2025-09-02 05:33