{"id":32975,"date":"2020-12-07T19:39:57","date_gmt":"2020-12-07T17:39:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32975"},"modified":"2025-08-28T11:29:49","modified_gmt":"2025-08-28T08:29:49","slug":"standard-chartered-and-unionbank-issue-blockchain-bonds-worth-187-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/standard-chartered-and-unionbank-issue-blockchain-bonds-worth-187-million\/","title":{"rendered":"Standard Chartered and UnionBank issue blockchain bonds worth $187 million"},"content":{"rendered":"<p>UnionBank, the Philippines\u2019 largest bank, and Standard Chartered Bank have completed testing a proof-of-concept for issuing tokenised blockchain bonds worth $187 million, according to a press release.<!--more--><\/p>\n<p>The platform was created by the Singaporean company SC Ventures, the fintech arm of Standard Chartered. The aim of the joint project with UnionBank is to provide retail investors with direct access to debt securities.<\/p>\n<blockquote>\n<p>&#8220;Bond market infrastructure worldwide is predominantly oriented toward institutional investors. It involves the participation of several intermediaries in buying and subsequently trading bonds, which makes them less accessible to retail market participants,&#8221; said Aaron Gwak, Head of Capital Markets at Standard Chartered.<\/p>\n<\/blockquote>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View SCB PR UnionBank Standard Chartered Pioneer Blockchain Enabled Bond Issuance in the Philippines on Scribd\" href=\"https:\/\/www.scribd.com\/document\/487250600\/SCB-PR-UnionBank-Standard-Chartered-Pioneer-Blockchain-Enabled-Bond-Issuance-in-the-Philippines#from_embed\">SCB PR UnionBank Standard Chartered Pioneer Blockchain Enabled Bond Issuance in the Philippines<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" id=\"doc_21898\" class=\"scribd_iframe_embed\" title=\"SCB PR UnionBank Standard Chartered Pioneer Blockchain Enabled Bond Issuance in the Philippines\" src=\"https:\/\/www.scribd.com\/embeds\/487250600\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-euww4tlxtpJg97JOQBbI\" width=\"100%\" height=\"600\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"0.7080062794348508\"><\/iframe><\/p>\n<p>In 2019, UnionBank became the first Philippine financial institution to issue its own digital currency.<\/p>\n<p>As reported, the Philippine central bank <a href=\"https:\/\/forklog.com\/en\/news\/philippine-central-bank-begins-study-into-issuing-its-own-digital-currency\">is studying<\/a> the possibilities of issuing a national digital currency (CBDC).<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"1UBwV3yM5Y\">\n<p>What is central bank digital currency (CBDC)?<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"What is central bank digital currency (CBDC)? \u2014 ForkLog\" src=\"https:\/\/forklog.com\/cryptorium\/chto-takoe-tsifrovaya-valyuta-tsentrobankov-cbdc\/embed#?secret=ilTjdcgs2N#?secret=1UBwV3yM5Y\" data-secret=\"1UBwV3yM5Y\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Philippines\u2019 largest bank, UnionBank, and Standard Chartered Bank have completed testing a proof-of-concept for issuing tokenized blockchain bonds worth $187 million, according to a press release.<\/p>\n","protected":false},"author":1,"featured_media":32976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,1431,1347,2048],"class_list":["post-32975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-bonds","tag-standard-chartered-plc","tag-union-bank"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32975"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32975\/revisions"}],"predecessor-version":[{"id":32977,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32975\/revisions\/32977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/32976"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}