Fusang delays listing of $3 billion blockchain bonds

The Labuan-licensed cryptocurrency exchange Fusang, based in Malaysia, has indefinitely delayed the listing of $3 billion in bonds with an option to exchange for Bitcoin. says in a press release.

The company noted that the listing was postponed “until further notice at the request of the issuer Longbond Ltd.” Details were not disclosed by the exchange’s representatives.

News that the second-largest global bank, China Construction Bank (CCB) will issue securities through Fusang, emerged on November 11. It was expected that they would be tokenized on the Ethereum blockchain and would be available for trading on November 13 in pairs with Bitcoin and the US dollar.

The Labuan branch of the bank was allegedly involved in the process. Later, in CCB stated that the branch is not the issuer of the bonds and does not accept cryptocurrencies for settlements “in any of its operations”.

Earlier, Bank of China, the fourth-largest state-owned bank in China, issued bonds worth $2.8 billion through its own blockchain system.

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