Industronics to explore tokenisation of corporate bonds

KUALA LUMPUR: Industronics Bhd's wholly-owned subsidiary Olympex Sdn Bhd has inked an agreement with China Information Technology Development (Hong Kong) Ltd (CITD) to jointly develop and market tokenised corporate bonds.

In a filing with Bursa Malaysia, Industronics said its unit and CITD have entered a strategic partnership to explore the tokenisation of corporate bonds up to HK$180mil, for one of Olympex's corporate clients.