{"id":118091,"date":"2020-11-23T11:01:58","date_gmt":"2020-11-23T08:01:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chinese-banking-giant-withdraws-3b-blockchain-bond-from-listing\/"},"modified":"2020-11-23T11:01:58","modified_gmt":"2020-11-23T08:01:58","slug":"chinese-banking-giant-withdraws-3b-blockchain-bond-from-listing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chinese-banking-giant-withdraws-3b-blockchain-bond-from-listing\/","title":{"rendered":"# Chinese banking giant withdraws $3B blockchain bond from listing"},"content":{"rendered":"

“# Chinese banking giant withdraws $3B blockchain bond from listing <\/strong>”
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China Construction Bank\u2019s $3 billion blockchain bond has been reportedly withdrawn following an initial delay.<\/p>\n

Fusang Exchange, a Malaysian cryptocurrency exchange that was to be responsible for listing the bond, said that it has been withdrawn at the issuer\u2019s request.<\/p>\n

According to Reuters<\/a>\u00a0on Nov. 23, CCB\u2019s branch in Labuan informed Fusang Exchange on Nov. 20 that the bond issuance would not proceed.<\/p>\n

The blockchain-based bond was to be issued by Longbond Ltd, a special purpose platform designed solely to issue digital bonds and deposit the proceeds with CCB Labuan. <\/p>\n

On Nov. 13, the day the bond had been due to be traded, Fusang Exchange officially announced that the $3 billion blockchain bond was delayed \u201cat the request of the issuer.\u201d According to the latest report, Fusang Exchange received a letter from CCB Labuan on behalf of Longbond postponing the listing.<\/p>\n

As previously reported, CCB, one of the largest banks in the world, planned to raise up to $3 billion with the bond, with an initial tranche of $58 million at launch.\u00a0<\/p>\n

Initial reports suggested that, since the bond would be tokenized and traded on a cryptocurrency exchange, interested buyers could trade Bitcoin (BTC) and other cryptocurrencies for the bond. This claim was since disputed by CCB.\u00a0<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Chinese banking giant withdraws $3B blockchain bond from listing ” China Construction Bank\u2019s $3 billion blockchain bond has been reportedly withdrawn following an initial delay. Fusang Exchange, a Malaysian cryptocurrency exchange that was to be responsible for listing the bond, said that it has been withdrawn at the issuer\u2019s request. According to Reuters\u00a0on Nov….<\/p>\n","protected":false},"author":1,"featured_media":118092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/bbe173be-369b-422b-bae6-424738517eca.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74860,71939,74336,4973,48925,4965],"class_list":["post-118091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrency-exchange","tag-banks","tag-bonds","tag-china","tag-malaysia","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/118091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=118091"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/118091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/118092"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=118091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=118091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=118091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}