HSBC to work with SGX and Temasek on DLT for fixed income

Nov 13, 2019 - Global Custodian

HSBC has begun a trial with Singapore’s national exchange (SGX) and sovereign wealth fund, Temasek, to explore the use of distributed ledger technology (DLT) for the issuance and servicing of fixed income securities.

The partnership will mark the first end-to-end digitisation effort focusing on the Asian bond markets.

The trial will make use of tokenised securities and smart contracts over a permissioned ledger to streamline pre- and post-trade workflows in order to reduce process ...