Hana Securities has entered the digital bond market by gaining exposure to a Digitally Native Note (DNN) through a Total Return Swap (TRS) structure. Standard Chartered acted as the TRS provider, leading both the structuring and execution of this transaction, which is tied to a digital asset.
The deal allows Hana Securities, a South Korean broker dealer, to obtain full economic return and risk from a DNN issued by a well-rated financial institution. This participation does not require changes to their existing operational or settlement infrastructure.
The DNN was listed on the London Stock Exchange’s International Securities Market and achieved T+0 instant settlement via Euroclear’s Digital Financial Market Infrastructure. This platform uses distributed ledger technology to issue, distribute, and settle fully digital international securities.
The transaction was led by Mr. Yang, Tae Hee and Mr. Chun, Seungho from Hana Securities’ Macro Trading Department. It positions Hana Securities as an active participant in Korea’s digital bond sector and supports its goal of developing next-generation financial market products.
Seong Muk Kang, CEO of Hana Securities, said: “This trade signals clear appetite for investor adoption of technologically advanced financial market product. Hana Securities Co., Ltd. is pleased to participate in this digital journey. We acknowledge Standard Chartered’s instrumental role in enabling this milestone and driving this evolution. Hana Securities remains committed to contributing towards the development and adoption of next-generation investment infrastructure and product.”
Eun Mo Lee, Regional Head of Markets FI Sales, NEA at Standard Chartered, stated: “Digitally native notes are offering tangible, real-world efficiencies for financial markets and this transaction reflects the increasing demand for innovative structuring and execution. We are pleased to distribute the DNN in a synthetic manner reflecting our commitment to offering structures that enable our clients to achieve their corporate goals and the deep relationship we have with Hana Securities.”
Standard Chartered operates across global markets including Asia, Africa, the Middle East, Europe, and the Americas https://www.sc.com. The bank focuses on providing inclusive financial services while driving commerce through diversity https://www.sc.com. Its business model emphasizes cross-border capabilities along with wealth management services https://www.sc.com. Standard Chartered also offers corporate banking solutions and has headquarters in London https://www.sc.com.
For further information:
Sang Soo Lee
Hana Securities
+82 2 3771 7171
Alvina Neo
Standard Chartered
+65 8186 8074