According to online reports, according to official news, Guotai Junan International Holdings Co., Ltd., a subsidiary of Guotai Haitong Group, announced the issuance of the first digital native bond. This offering is the first publicly offered digital native bonds issued by a Chinese securities firm, with a scale of no more than US$300 million and using HSBC's HSBC Orion as a digital asset platform. Digital bonds are bonds issued using blockchain or distributed ledger technology. Their core features are digital, programmable, automated, have higher transparency, and can reduce settlement risks and costs.