UBS Wealth Management issues $50 million blockchain bonds to high-net-worth individuals in Asia

ChainCatcher news, UBS Wealth Management recently announced the issuance of $50 million in blockchain-based debt securities for high-net-worth individuals. Investors from Hong Kong and Singapore purchased six-month fixed-rate security tokens through a private placement. UBS's London office issued these securities under UK and Swiss law. Although UBS is the issuer, it will explore third-party issuers in the future. The project utilizes a permissioned version of Ethereum. (source link)