Shanggou Holdings Issues First Tokenized Bond on HashKey Chain, Ushers in New Era of Chinese SOEs in Blockchain Finance

In a groundbreaking move for Chinese state-owned enterprises (SOEs) and blockchain finance, Shanggou Holdings has issued its first tokenized bond on HashKey Chain. This USD 40 million transaction is a significant milestone as it marks the first time a Chinese SOE utilizes blockchain technology to issue debt. Backed by AI computing infrastructure and renewable energy assets, this innovative issuance showcases Hong Kong’s role as a global leader in regulated digital finance.