HSBC Orion Launches MENA’s First Digitally Native Bond with ADX and FAB

HSBC has partnered with Abu Dhabi Securities Exchange (ADX) and First Abu Dhabi Bank (FAB) to introduce the Middle East and North Africa (MENA) region's first digitally native bond, leveraging blockchain technology. The bond will be issued through HSBC's Orion platform, a blockchain-based digital asset infrastructure that has previously facilitated similar transactions in Luxembourg and Hong Kong.

The collaboration marks Orion's debut in the Middle East, expanding its portfolio of digital bond issuances. The platform has already supported notable transactions, including a €100 million digital bond by the European Investment Bank and Hong Kong's multi-currency green bond issuance last year. This latest MOVE underscores the growing institutional adoption of blockchain for capital markets.