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Key Points:
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Ethereum-based RWA digital bond launched by Shenzhen Futian Investment raises $700 million.
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The bond received an A- credit rating from Fitch and carries a 2.62% coupon.
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Hong Kong strengthens its role as a hub for blockchain-driven digital finance.
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Tokenized securities gain traction as a mainstream financing option for global markets.
Ethereum-based RWA digital bond has become the centerpiece of financial conversations after Shenzhen Futian Investment successfully raised $700 million.
The issuance was executed in Hong Kong, where Fitch granted an A- rating to the two-year bond carrying a 2.62% coupon. This deal positions Shenzhen Futian Investment as a pioneer in bridging traditional markets with blockchain-powered funding tools.
This is the first time tokenized securities built on Ethereum have been admitted to trading on conventional exchanges in Shenzhen and Macau. The bond, registered as FTID TOKEN 001, marks a significant shift in how state-owned enterprises approach global capital markets. By listing on regulated platforms, the project ensures broader investor access and strengthens trust in the adoption of Ethereum-based structures.
The first publicly listed RWA digital bond
Tokenized bonds in Hong Kong were previously distributed mostly via private placements. Public listing expands participation and demonstrates the efficiency of Ethereum-based securities. For investors, the A-credit rating by Fitch provided reassurance, while the blockchain element improves transparency, security, and accessibility.
From my standpoint, this transaction shows how Chinese state-owned enterprises are increasingly open to blockchain-based funding channels. Shenzhen Futian Investment saw growing demand for RWA products and moved decisively to meet it. The company explained that this issuance diversifies its financing portfolio and strengthens its international capital strategy.
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Hong Kong rises as a digital finance hub
Hong Kong handled the Ethereum-based RWA digital bond issuance with support from GF Securities as lead underwriter. Other participants included CMB International, CICC, Minsheng Capital, Orient Securities International, Hong Kong Rongtong Securities, and Guoyuan International. This breadth of participation signals institutional support for blockchain-based digital bonds.
The city is positioning itself as a leading global hub for digital finance. The transaction highlights Hong Kong’s ability to balance regulatory oversight with market innovation. Analysts see it as a signal that more Chinese firms will explore Ethereum and other blockchains for fundraising.
The value of tokenized securities
Ethereum-based RWA bonds offer multiple advantages compared to traditional debt. Settlement becomes faster, transaction details remain transparent, and market access broadens for international investors. For state-owned enterprises like Shenzhen Futian Investment, tokenization supports diversification, cost efficiency, and global investor engagement.
Other markets are also advancing tokenization. BlackRock’s tokenized US Treasury fund, BUIDL, is one strong example of how institutional players explore blockchain solutions. This momentum shows that digital bonds are moving closer to mainstream acceptance rather than remaining experimental products.
What this means for global finance
Shenzhen Futian Investment’s Ethereum-based RWA digital bond sets an example for how tokenized assets can be integrated into regulated markets. The issuance not only strengthens Hong Kong’s role in digital finance but also underlines the potential of Ethereum to serve as a foundation for institutional-grade products.
If you ask me, this development reflects a turning point in China’s financial innovation journey. As more enterprises follow SFIH, we may see rapid adoption of Ethereum-backed securities across Asia.
