A state-owned bank in China has issued one of the country’s first-ever commercial bonds on a blockchain. Huaxia Bank distributed the bonds to customers paying exclusively in China’s central bank digital currency, or CBDC. The bank issued the bonds, worth over $637 million, via its commercial shipping subsidiary Huaxia Financial Leasing, the firm said on its official social media channel, the Chinese newspaper Caixin reported. “The whole issuance process was recorded on the blockchain network in real-tim ...