HSBC Issues First Digitally Native Structured Product
10 JULY 2026
HSBC completes its first issuance of a digitally native structured product
Marketnode, an Asia-Pacific digital market infrastructure operator, acted as the tokenisation agent and digital paying agent
The pilot issuance demonstrates how tokenisation can support more efficient issuance, settlement and ongoing servicing of structured products
HSBC announced today the successful private placement of its first digitally native structured product: it involves USD-denominated notes issued in Hong Kong, supported by Marketnode, an Asia-Pacific digital market infrastructure operator.
Marketnode acted as the tokenisation agent, enabling digitally native issuance directly on a blockchain. It also acted as the digital paying agent, managing payment flows between issuer and investor.
Suvir Loomba, Regional Head of Securities Services, Asia, at HSBC, and Marketnode board member, said: “Building on HSBC’s work in digital assets and innovation, this issuance demonstrates how we’re working with market participants to develop practical, scalable solutions for institutional-grade digital finance. Tokenisation can help make markets more efficient and accessible by streamlining key steps across product lifecycles – from issuance and settlement, through to ongoing administration and servicing.”
Patrick Boumalham, Head of Institutional Sales, Asia, at HSBC, added: “Structured products are an important part of investment solutions for institutional and wealth clients across Asia, where demand continues to grow. As one of the leading issuers of structured products in Asia, we see clear potential for tokenisation to improve the efficiency of issuance, settlement and servicing, while creating a more scalable foundation for future product innovation.”
Rehan Ahmed, CEO at Marketnode, said: “Issuance of structured notes, a mainstay of Asian investment portfolios, in a digitally native format with HSBC marks a meaningful step towards enabling investors to manage more of their portfolios on-chain, pairing broader access with efficiency gains. As the tokenisation agent and digital paying agent, we’re pleased to support this milestone for the future of digital wealth management.”
About The Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,306bn at 31 March 2026, HSBC is one of the world’s largest banking and financial services organisations.
Marketnode
Marketnode, backed by Euroclear, HSBC, SGX Group and Temasek, is Asia-Pacific’s trusted and neutral digital market infrastructure (DMI) operator. Our DMI spans three key pillars: data services, transaction management and tokenisation with distribution support, across anchor asset classes such as credit, funds, and structured products. Marketnode’s modular suite of solutions provides the financial ecosystem with a ready-to-use infrastructure built on blockchain, enabling institutions to enhance their operational performance, accelerate time to market and capture new business opportunities. For more information: www.marketnode.com.