The Abu Dhabi Stock Exchange will list the first blockchain bond in the Middle East and North Africa

The Abu Dhabi Stock Exchange (ADX) has announced that it is preparing to list the first blockchain-based bond in the Middle East and North Africa region, which will be issued by Abu Dhabi First Bank (FAB) using HSBC's digital asset issuance platform Orion.
The bond, which will be recorded and traded on a distributed ledger technology that investors can buy and hold directly on the blockchain, promises faster settlement times, less counterparty risk and greater transparency. Global institutional investors can access the bond through major securities settlement systems, including Euroclear, Clearstream and Hong Kong's Central Currency Market Unit.