In June this year, United Overseas Bank (UOB) announced it had issued a digital bond as part of a pilot, to support Marketnode, a joint venture between Singapore Exchange and Temasek.

Marketnode is a digital asset venture focused on capital markets workflows through smart contracts, ledger and tokenisation technologies. The platform uses distributed ledger technology (DLT) to connect various parties involved in the transaction — from issuers to investors — and to tokenise the capital security, so that smart contracts can be created and conducted for greater efficiency.

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