Hana Bank Issues $100 Million Digital Bond on Euroclear D-FMI

Hana Bank has issued a USD100 million five-year floating-rate digital bond through Euroclear blockchain-based D-FMI, becoming the first Korean bank to use the platform for a digitally native note (DNN).

The transaction also represents the first digital bond by a Korean bank on Euroclear’s D-FMI and the first digital bond to be on SGX Group. The deal highlights how distributed ledger technology (DLT) can be into established funding programmes while maintaining access to conventional market infrastructure and investor workflows.

Standard Chartered served as Sole Structuring Bank, Sole Lead Manager and Sole Dealer, overseeing the transaction’s structuring, execution and distribution.

Hana Bank Issues $100 Million Digital Bond on Euroclear D-FMI

A key feature of the issuance is same-day settlement, or T+0, which can provide greater funding certainty and reduce operational requirements compared with conventional settlement processes. The transaction is with Euroclear’s wider global settlement network, allowing Hana Bank to issue the notes under its existing Global Medium Term Note (GMTN) programme.

For investors, the structure is going to preserve a familiar trading experience. International institutional investors can access and trade the digital notes through their existing Euroclear accounts and trading systems, potentially supporting broader participation and secondary-market liquidity.

Also, Hana Bank’s Head of Financial Markets Group, Beomjun Cho, described the transaction as a milestone in the bank’s digital innovation strategy, highlighting the integration of digital infrastructure with established funding arrangements.

Standard Chartered’s Head of Digital and Strategic Initiatives, Global Banking, Ankur Prakash, said the deal could provide another reference point for institutional adoption of digital bonds by bringing a major bank treasury into the market.

Euroclear Chief Commercial Officer for Asia Pacific, Elodie Norman, said the issuance could contribute to the broader adoption of digital capital markets in Asia by combining digitally native issuance with established infrastructure and investor connectivity.

Moreover, the transaction comes as financial institutions continue exploring blockchain-based securities issuance, with settlement efficiency, operational automation and integration with existing market infrastructure remaining key areas of development for digital capital markets.

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