China Construction Bank’s 3 3 billion blockchain bond has reportedly been withdrawn following an initial delay.
Fusang Exchange, a Malaysian cryptocurrency exchange that was responsible for listing the bonds, said it was withdrawn at the request of the issuer.
According to Reuters On November 23, the CCB branch in Labuan informed the Fusang Exchange on November 20 that the bond issuance proceedings would not proceed.
The blockchain-based bond was to be issued by Longbond Limited, a special purpose platform aimed solely at issuing digital bonds and depositing further amounts with CCB Labuan.
On November 13, the bond was to be traded, Fusang Exchange officially announced That the 3 billion blockchain bond was “delayed at the request of the issuer.” According to a recent report, the Fusang Exchange received a letter from CCB Labuan on behalf of ListBand, postponing the listing.
As previously reported, CCB, one of the world’s largest banks, billion is planned to raise up to 3 billion Initially million with a bond with an initial level of 58 million.
Preliminary reports suggest that the bonds will be tokenized and traded on a cryptocurrency exchange, so interested buyers can trade Bitcoin.BTC) And other cryptocurrencies for bonds. The claim was disputed by the CCB.
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