china construction bank, china construction bank bitcoin, chinese bank bitcoin, chinese bank bonds, chinese bank malaysia

China Construction Bank, one of the “big four†banks in China, is selling $3 billion in bonds that can be paid for with bitcoin. The bonds will be listed on a regulated Malaysian digital asset exchange.

Beijing-based China Construction Bank (CCB) is selling $3 billion in bonds for bitcoin and U.S. dollars through its unit in Malaysia, the South China Morning Post reported Wednesday. This is the first digital security issued by a Chinese bank on a blockchain, the publication added, noting:

“The security would roll over every three months and pay annualized interest of Libor plus 50 basis points, or approximately 0.75%,†the publication conveyed, adding that trading will begin Friday.

What do you think about China Construction Bank selling bonds for bitcoin? Let us know in the comments section below.

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