Hana Bank issues $100 million digital bond via Euroclear with T+0

Hana Bank issued a $100 million digital bond through Euroclear’s blockchain settlement platform and completed the transaction the same day, the Yohnap Agency reported Monday. The transaction used T+0 settlement, replacing a traditional multi-day bond settlement process with same-day settlement on a distributed ledger. Hana Bank said this was the first time a Korean financial institution had directly used the international depository’s distributed ledger infrastructure. Hana Bank is ranked second in South Korea and has nearly $500 billion in client assets under management. Euroclear is a Brussels-based financial services company and one of the world’s largest central securities depositories. The issuance demonstrates how tokenization could make capital markets faster and more efficient. A Hana Bank official said the $100 million issuance and T+0 settlement went beyond diversifying the bank’s funding channels by bringing blockchain technology into the capital market. The official said Hana Bank would continue adopting advanced infrastructure and exploring innovative funding solutions for global investors, according to the Korea Herald. The transaction comes as South Korea prepares to introduce a comprehensive tokenized-securities framework in February 2027. Hana Bank and Euroclear did not immediately respond to a CoinDesk request for information.