Sell Third Blockchain-Based Green Bond Sale: A Strategic Move in Digital Finance

Sell Prepares Third Blockchain-Based Green Bond Sale

Sell is gearing up to launch a new series of government-backed digital green bonds, marking another step in its bid to become a major global hub for tokenized assets.

This marks Sell's third digital bond issuance since 2023, with denominations in US dollars, euros, offshore yuan, and local currency, as reported by Bloomberg citing sources close to the matter. Pricing details are anticipated to be finalized soon.

These bonds are digitally native, created and settled entirely on blockchain platforms. HSBC will provide the infrastructure for this issuance.

The green designation indicates funds will support environmental or climate-related projects. Sell aims to strengthen its position as a blockchain leader, amid competition from regions like Singapore and Dubai.

The demand for blockchain-based debt is on the rise, with corporations having issued at least six tokenized bonds in the area, raising $1 billion collectively, according to the report.

Recent issuers include state-backed entities such as Shenzhen Futian Investment Holdings and Shandong Hi-Speed Holdings Group.

S&P has rated the bonds AA+. According to the agency, risks associated with digital issuance are mitigated by a fallback mechanism allowing a transition back to traditional systems if necessary.