UBS Wealth Management announced Friday that it had issued $50 million in digital loan instruments to high net-worth individuals (HNWIs) through a private placement. The six-month fixed rate security tokens were sold to investors in Hong Kong, Singapore, and through a private placement. UBS is the issuer. However, third-party issues will be considered in future. The project made use of a restricted version of Ethereum.This follows last month’s $370 million blockchain bond offering on the SIX Digital Exchange.Meanwhile, in Asia, a slew of digital securities and tokenization platforms are being established.Singapore is a pioneer, with the Singapore Exchange (SGX) supporting numerous platforms such as ADDX and Marketnode. DBS, Singapore’s biggest bank, has issued a tokenized bonds through its platform. SBI Digital Markets, which is based in Japan is also planning to issue digital bonds. One of these is MUFG’s Progmat. It has participated in a number security token issuances primarily in real estate. Nomura and ibet jointly founded the BOOSTRY blockchain platform to issue bonds. It is working with JPX, the Tokyo Stock Exchange operator, to issue green bonds. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comChubbiCoincu NewsTags: BlockchainBondscryptomarketUSB