First Abu Dhabi Bank Launches MENA's Pioneer Digital Bond on ADX via Blockchain

The Abu Dhabi Securities Exchange (ADX) is set to list the Middle East and North Africa's (MENA) inaugural blockchain-based digital bond, marking a transformative step in regional capital markets. First Abu Dhabi Bank (FAB), the UAE's largest financial institution, issued this landmark instrument leveraging HSBC's Orion digital asset platform – embedding distributed ledger technology (DLT) directly into market infrastructure.

This project represents a trilateral innovation partnership between ADX, HSBC, and FAB, with each entity playing a strategic role:
- HSBC served as exclusive global coordinator, lead manager, and bookrunner
- FAB structured and issued the bond via HSBC Orion, a platform operated by Hong Kong's Central Moneymarkets Unit (CMU)
- Top-tier legal advisors ensured compliance with international regulatory standards

The blockchain bond enhances market efficiency through instantaneous settlements, improved transparency, and expanded investor access, signaling the region's shift toward digitized financial instruments.