Saint David, Saint Vincent And The Grenadines Dec 19, 2023 (Issuewire.com) - Global Macqwerty has announced its return to the Taiwan market, revealing the inclusion of Formosa Digital Token Bonds and SOFR-linked securities in its key portfolio. These digital token bonds, also known as Security Token Offerings (STOs), are a form of bonds that utilize technology (Node) to decentralize real-time bond information storage without the need for exchanges or intermediary institutions. This streamlines the Central Securities Depository (CSD) process, allowing same-day settlement of transactions.
The newly added Formosa securities portfolio and Macqwerty Digital Token Bonds are expected to significantly reduce costs associated with dividing the existing portfolio during liquidation. By leveraging technology (Node) to store information in real-time, certain tasks are automated, leading to increased efficiency. As a result, Macqwerty aims to contribute to the establishment of a capital market that is more accessible for individual investors and has successfully achieved its initial goal of securing the Secured Overnight Financing Rate (SOFR) interest rate target of +95bp.
Building on the recent successful attempts in Europe, Hong Kong, and Singapore in tokenized bond markets, the tokenized bond market is anticipated to grow rapidly. This is recognized as a crucial factor in enhancing bond liquidity and allowing companies to choose from various issuance methods.
Global Macqwerty focus on the Taiwan stock portfolio is contributing to its evaluation as a stable credit investment destination, with an increased portfolio weight in the Taiwan market. Given Taiwan's abundant foreign exchange reserves, there is a significant response from Taiwan institutions and global users to Macqwerty portfolio, indicating a growing investment demand for Korean customers in the Taiwanese market. As of the end of September, Taiwan's foreign exchange reserves rank sixth among major countries at $564 billion (approximately 730 trillion won), surpassing Korea's foreign exchange reserves of $414.1 billion. Leveraging Taiwan's surplus foreign exchange, Macqwerty has chosen to increase its key portfolio, particularly benefiting from the contraction in credit issuance in China this year due to the economic downturn in the Chinese real estate sector. It is anticipated that Taiwan and Korea will continue to be key intermediaries for Macqwerty and other companies in the Asian region. The ongoing trend suggests that companies, including Macqwerty, will continue to enter the Taiwanese market and diversify their portfolios."
Macqwerty Web Site: https://Macqwerty.com
Source :Co Macqwerty
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