Linklaters has advised on the Hong Kong law aspect of the successful issuance of RMB200m (approximately US$28m) fully digital structured notes issued by Bank of China International Holdings (BOCI). Acting as the dealer and blockchain administration agent, UBS placed the digital structured notes to its clients in the Asia Pacific.
These digital securities are tokenised on the Ethereum platform, thereby successfully introducing regulated securities in Hong Kong SAR onto a public blockchain. This is also the first product of its kind in the region constituted under Hong Kong and Swiss law.
This transaction not only marks BOCI as the first Chinese financial institution to issue a tokenised security in Hong Kong SAR but also signifies another step towards the wider development of the city as a virtual asset trading hub.
The Linklaters team was led by capital markets partners Chin-Chong Liew and Jonathan Horan. Philip Spoerlé of Niederer Kraft Frey advised on the Swiss law aspect of this issuance.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
