The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
hsbc plans to issue 800 million singapore dollars in convertible securities
HSBC Holdings PLC plans to issue SGD800 million (GBP463.7 million) in 5.000% resettable perpetual subordinated contingent convertible securities. The securities will be listed on London's Official List and Euronext Dublin's Global Exchange Market, with a minimum denomination of SGD250,000. Joint lead managers include DBS Bank Ltd, United Overseas Bank Ltd, and Oversea-Chinese Banking Corp Ltd, among others, with an agreement to sell to at least six independent investors.
sbi and ubs launch tokenized funds under singapore's project guardian initiative
SBI Digital Markets and UBS have launched tokenized money market funds under Singapore's Project Guardian, a blockchain initiative by the Monetary Authority of Singapore. The UBS USD Money Market Investment Fund Token is issued on a public blockchain but is accessible only to accredited investors through authorized partners like DigiFT. Meanwhile, the city of Lugano in Switzerland has issued a CHF 120 million digital bond, continuing its strategy of optimizing debt management through digital finance, although these bonds remain limited to commercial banks.
ubs launches blockchain pilot to enhance cross-border payment efficiency
UBS has launched a pilot project called UBS Digital Cash, utilizing blockchain technology to enhance cross-border payments for multinational corporations, improving settlement times and transparency. The initiative allows transactions in Swiss francs and major global currencies, incorporating smart contracts for automated processing. Participants, including Autoneum, have noted significant benefits in speed and traceability, aligning with UBS's broader blockchain strategy and involvement in central bank digital currency projects.
ubs pilots blockchain solution for efficient cross border payments
UBS has successfully piloted a blockchain-based payment solution, UBS Digital Cash, aimed at enhancing cross-border transactions for multinational firms. This system allows for local and international payments in multiple currencies, improving efficiency and transparency while enabling around-the-clock transactions. Participants, including Autoneum, highlighted the advantages of faster, traceable transactions in the global market.
ubs launches blockchain solution to enhance cross-border payment efficiency
UBS has launched a blockchain-based payment solution for corporates and institutional clients, enabling instant cross-border fund transfers and enhancing transaction transparency. The system, tested with clients like Autoneum, offers round-the-clock payments and programmable conditions, improving liquidity management and reducing credit charges. UBS's commitment to blockchain is further demonstrated through its participation in initiatives exploring wholesale central bank digital currencies and tokenized deposits, positioning the bank at the forefront of financial innovation.
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