Woofun AI reports that HSBC has finalized the issuance of its first digital native structured product in Hong Kong, executed as a private placement of US dollar-denominated structured notes. Unlike traditional digitization, these notes were issued directly on the blockchain. Marketnode, supported by Euroclear, HSBC, SGX Group, and Temasek, acted as the tokenization and digital payment agent to manage investor transactions. HSBC characterizes this transaction as a pilot designed to demonstrate how tokenization enhances product issuance, settlement, and lifecycle servicing. The bank did not disclose the issuance size, reference assets, duration, investor details, or the specific blockchain utilized. This move builds on HSBC’s prior tokenization efforts, including digital native bonds via the Orion platform and retail gold tokens in Hong Kong.