HSBC, Marketnode, UOB partner on fully digital issuance of wealth products
Further to MAS’ announcement on 2 Nov 2022, we are proud to present more information on the collaboration between HSBC, Marketnode and UOB in the build out of an end-to-end, issuance-to-distribution distributed ledger technology (DLT)-enabled wealth management product infrastructure.
Using DLT, the infrastructure aims to fully digitalise the wealth management product value chain which is currently paper-based, from issuance, securitisation and distribution to asset servicing of products such as structured notes and actively managed certificates (AMCs). The use of DLT will potentially halve the time to manufacture and distribute products and funds, lower issuance and servicing costs, and enhance product accessibility and transparency.
“Marketnode is proud to collaborate again with our long-standing partners, HSBC and UOB, in breaking new ground in the global digital asset arena. Indeed, we hope that our work on Project Guardian will continue to showcase the transformative capabilities of digital markets infrastructure and strengthen Singapore’s proposition as a leading international financial centre in Asia. We strongly believe that the disruptive potential of tokenisation will enable new business opportunities, create value across the value chain and make wealth management more democratised,” said Rehan Ahmed, General Manager, Marketnode.
Read the full announcement here: https://www.about.hsbc.com.sg/news-and-media/hsbc-marketnode-uob-partner-on-fully-digital-issuance-of-wealth-products