Hana Bank issues South Korea’s first digital bond using Euroclear’s blockchain

Hana Bank, South Korea’s second‑largest bank, completed the issuance of a $100 million digital bond on Euroclear’s blockchain settlement platform. The transaction settled on the issuance date (T+0), replacing the three‑to‑five‑business‑day settlement period typical of conventional bond markets.

First direct use of Euroclear’s distributed‑ledger infrastructure by a Korean institution

The bond was issued through Euroclear’s Digital Financial Market Infrastructure (D‑FMI), which handles issuance, registration and settlement on a distributed ledger. This marks the first time a Korean financial institution has directly used Euroclear’s distributed‑ledger system.

Implications for South Korea’s tokenized‑securities roadmap

South Korea plans to launch a comprehensive tokenized‑securities framework in February 2027. Hana Bank’s issuance demonstrates that Korean banks can connect to established global blockchain settlement networks ahead of domestic regulatory implementation.

Operational details

• Bond amount: $100 million
• Settlement: Same‑day (T+0) via Euroclear’s D‑FMI
• Lead manager: Standard Chartered
• Documentation sourced from Hana Bank’s existing global medium‑term note program

Future outlook

Hana Bank indicated that the digital bond issuance and T+0 settlement represent a step beyond diversifying funding channels, bringing blockchain technology into the capital market. The bank said it will continue to adopt advanced infrastructure and explore innovative funding solutions for global investors.