HSBC is launching HSBC Orion, a blockchain bond tokenization platform

BlockBeats, November 6, Ledger Insights reports that HSBC is planning to launch HSBC Orion, a bond tokenization platform based on distributed ledger technology (DLT), The solution enables tokenization of digital bonds and currencies used for settlement to enable atomic settlement or Delivery and Payment (DvP). The digital bond initiative does not involve cryptocurrencies, but instead uses licensed blockchain infrastructure. HSBC says the European Investment Bank (EIB) may use the platform to issue sterling tokenised bonds under Luxembourg law.