Bank of China issues securities on Ethereum with UBS (12.06.23)

Bank of China, through its investment banking subsidiary BOCI, has issued tokenized securities worth 200 million Chinese yuan ($28 million) created on the Ethereum blockchain. This makes BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong. UBS helped develop the product for its clients in Asia Pacific. In parallel, UBS has expanded tokenization through structured products, fixed-income securities and repo financing, issuing a $50 million tokenized fixed-income bond under English and Swiss law in December 2022. Previously, Hong Kong opened up access to crypto exchanges to retail users and plans to establish a regulatory framework for stablecoin within a year. (Source)

  • Growth through innovation/creativity:
    Rather than being constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
  • Increased profits:
    The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
  • Higher business values:
    The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly.
  • Lower staff turnover:
    This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organisation.