On June 12, UBS said BOCI had issued digital structured notes initiated by UBS and distributed to its Hong Kong clients, with a total value of Rmb200m. According to UBS, the deal marks the first such product in the Asia-Pacific region to comply with Hong Kong and Swiss laws and tokenize on Ethereum. Bank of China International (BOCI), a wholly owned investment bank of Bank of China Limited, yesterday became the first Chinese financial institution to issue tokenised securities in Hong Kong, announcing a partnership with UBS to issue a Rmb200m note. In December 2022, UBS issued a $50 million tokenized fixed-rate note on a blockchain licensed under British and Swiss law, creating a case for blockchain financial compliance applications.   On the evening of the 12th, Bank of China International (BOCI), the wholly-owned investment bank of Bank of China Limited, one of the four state-owned banks in China, also announced a partnership with UBS to issue 200 million yuan ($28 million) worth of tokenized notes. Boc International issued 200 million RMB tokenized notes on the Ethereum blockchain According to the official announcement of UBS, the tokenized notes launched this time are based on Offshore RMB and are mainly aimed at clients/markets in the Asia-Pacific region. The product is the first tokenized security in the Asia-Pacific region to be launched on the blockchain under the laws of Hong Kong and Switzerland. At the same time, BOC International also became the first Chinese financial institution to issue tokenized securities in Hong Kong. Wang Yingxin, vice president of BOCI, spoke highly of the tokenized securities launched, believing that it is a pioneering initiative in the digital transformation of Hong Kong's financial industry: By developing blockchain-based digital institutional products designed for clients in the Asia Pacific region to simplify digital asset markets and products in the Asia Pacific region, we are encouraged by the development of Hong Kong's digital economy and are committed to promoting the digital transformation and innovative development of Hong Kong's financial industry. Boc International digital notes issued in Alliance chain Since UBS's announcement mentioned "the launch of tokenized notes on the Ethereum public chain", the community has also set off a boom in looking for BOC International's digital note contract address. But according to a tweet from Jason, an independent researcher, the adoption of "main Ethereum blockchain" mentioned in the original UBS article is not the main Ethereum network, but a centralized consortium chain built by Ethereum for open source code. Ubs plans to expand its tokenization services In addition, UBS also revealed their further plans for tokenized financial product services, preparing to introduce complex functions covering structured products, fixed income and repo financing for tokenized products. Aurelian Troendle, global head of trading at UBSMTN, believes that tokenized products will help improve the efficiency of high-frequency trading, which will bring new opportunities for investors: through the use of blockchain technology, the efficiency of high-frequency trading will be greatly improved, which will ultimately bring advantages to investors. Ubs is excited to partner with issuers such as BOC International to expand our client offerings through our tokenization services. About BOC International Boci is a wholly-owned subsidiary investment bank of Bank of China, providing a full range of investment banking services including corporate finance, mergers and acquisitions, financial advisory, securities sales, fixed income, private banking, asset management, direct investment, equity derivatives, leveraged and structured finance, global commodities, etc. It has long maintained a leading position in Hong Kong's new share issuance, stock trading, bond issuance, MPF and other markets as well as mainland China's capital markets. About UBS Ubs is committed to providing superior financial advisory services and solutions to wealthy individuals, institutional and corporate clients around the world, as well as private clients in Switzerland. Ubs's strategy is centred on the world's leading wealth management business and the pre-eminent universal banking business in Switzerland, reinforced by asset management and investment banking. Ubs focuses on businesses with strong competitive positions in their target markets, high capital efficiency and attractive long-term structural growth and profitability prospects. Ubs has operations in all major global financial centres, with offices in more than 50 locations. The company employs more than 68,000 people worldwide, of which approximately 30% are located in the Americas, 31% in Switzerland, 19% in Europe, the Middle East and Africa, and 20% in Asia Pacific. The company is listed on the Swiss Stock Exchange and the New York Stock Exchange. Disclaimer: This article is public information on the Internet, the content is for reference only, and does not constitute any investment advice. Any reader who makes an investment decision based on this does so at their own risk.