China SOE Issues $69 Million RWA Bond on Ethereum: A Historic Leap for DeFi Adoption

In a groundbreaking move, Futian Investment Holding, a State-owned Enterprise from Shenzhen, China, has issued the world’s first ever digital bond on the Ethereum blockchain. This historic issuance of 500 million yuan ($69 million) is backed by a Fitch Rating of A-, demonstrating strong investor confidence. The FTID TOKEN 001 (FTID001), with the Chinese abbreviation 福币, was issued in Hong Kong and highlights a significant bridge between Traditional Finance (TradFi) and Decentralized Finance (DeFi). This landmark event marks a major step toward mainstreaming blockchain technology.