On Friday, UBS Wealth Management announced that it has issued $50 million in blockchain-based debt securities to high net worth individuals (HNWIs). Investors from Hong Kong and Singapore purchased the six-month fixed-rate security tokens through a private placement.

“We recorded strong interest in this inaugural issuance from regional high net worth individuals and family offices, underscoring their interest in digital stocks,” said Amy Lo, co-head of UBS Global Wealth Management APAC.

UBS’s London office issued the securities under English and Swiss law. Although UBS is the issuer, it will explore external issuers in the future. The project used a licensed version of Ethereum.

This follows last month’s $370 million blockchain bond issuance on the SIX Digital Exchange.

Meanwhile, numerous digital securities and tokenization platforms are launching in Asia.

Singapore leads the way with local stock exchange SGX supporting multiple platforms like ADDX and Marketnode. Singapore’s largest bank, DBS, issued a tokenized bond using its platform and Japan’s SBI Digital Markets has a presence in Singapore and is looking to issue digital bonds.

Japan is home to several token issuance platforms. One of them is MUFG’s Progmat, which has already been involved in several security token issuances, particularly in relation to real estate.

Nomura co-founded the BOOSTRY blockchain platform with ibet software for issuing bonuses. He is working with the Tokyo Stock Exchange operator JPX on the issuance of green bonds.

In Hong Kong, the government is exploring blockchain-based green bonds.