Overview

• Futian Investment Holding completed the tokenized bond FTID TOKEN 001 on August 29 as an offshore renminbi deal issued in Hong Kong.
• The offering totals 500 million yuan (about $69 million) with a two-year tenor and a 2.62% coupon, and Futian is rated A- by Fitch according to reporting.
• The bond is recorded directly on the public Ethereum blockchain, enabling on-chain issuance and settlement for global buyers of RMB debt.
• The company says the deal expands financing channels and takes advantage of Hong Kong’s supportive digital finance framework.
• Observers cite potential gains in transparency and efficiency while warning about liquidity, custody and regulatory risks, noting China’s 2021 crypto ban remains in force.