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UOB inks deal with digital exchange for tokenised sustainability-linked bond

United Overseas Bank (UOB) and ADDX, a digital securities exchange, have announced a S$50 million sustainability-linked digital bond in what will provide a showcase for technology that promises to reduce costs and boost efficiency. The digital bond, due in 2032 and part of a S$675 million sustainable issuance by industrial group Sembcorp, will utilise blockchain and smart contract technology to…

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