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

HSBC has partnered with Abu Dhabi Securities Exchange and First Abu Dhabi Bank to launch the MENA region's first digitally native bond on blockchain through its Orion platform. The bond will be issued by FAB and will use the Hong Kong platform due to its integration with Euroclear and Clearstream. This marks Orion's first entry into the Middle East and follows previous digital bond issuances in Luxembourg and a €100 million digital bond from the European Investment Bank.