Share this article
Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong
It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.
Updated Jun 12, 2023, 5:19 p.m. Published Jun 12, 2023, 4:55 p.m.
The Bank of China’s investment banking arm BOCI issued tokenized securities on Ethereum in Hong Kong, according to a Monday press release.
BOCI offered CNH 200 million ($28 million) of structured notes, with Swiss banking giant UBS underwriting the issuance and placing with clients in Asia Pacific.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
This was the first time a Chinese financial institution issued tokenized securities on a public blockchain in Hong Kong, the BOCI press release said.
Major banks like Citigroup and Bank of America have predicted that the tokenization of real-world assets (RWA) – an umbrella term for traditional financial products such as notes and bonds – can boost crypto adoption and drive trillions of dollars in value to blockchains.
This BOCI transaction also underscores Hong Kong’s growing ambition as a key hub for crypto as the industry faces mounting regulatory pressure in the United States. Indeed, just days after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase for offering unregistered securities, Hong Kong legislator Johnny Ng invited digital asset trading platforms – including Coinbase – to set up shop in the city.
“We are encouraged by the evolution of Hong Kong's digital economy and are committed to promoting the digital transformation and innovative development of Hong Kong's financial industry,” Ying Wang, deputy chief executive at BOCI, said in a statement.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
