China Construction Bank sells $3 billion of blockchain bonds

In cooperation with Fusang, a Hong Kong financial technology company, China Construction Bank has issued a $3 billion blockchain digital security product, which is the first time that bank of China has issued the digital security product of this technology. The bonds will be sold in the form of certificates of deposit, usually at tens of thousands of yuan per sheet, mainly to attract professional investors or other banks. They are usually used for inter-bank financing, especially for China’s small and medium-sized banks. By tagging CDs on the blockchain, retail investors can now buy digital certificates of deposit in small quantities.

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