Abu Dhabi Securities Exchange turns UAE tokenized debt into an exchange-infrastructure story

ADX's July 3, 2025 announcement matters because it names the institutional rails that matter: ADX listing, HSBC Orion, CMU operation, Euroclear and Clearstream access, existing custodian participation, and exchange-side post-trade compatibility for offshore institutional accounts.

ADX's July 3, 2025 announcement matters because it names the institutional rails that matter: ADX listing, HSBC Orion, CMU operation, Euroclear and Clearstream access, existing custodian participation, and exchange-side post-trade compatibility for offshore institutional accounts.

That makes the development materially stronger than a generic tokenization press release.

The limit is equally clear: the public evidence is strongest on launch architecture and access, not yet on repeat issuance, secondary turnover, or post-issuance servicing at scale.

The July 3, 2025 ADX-HSBC-FAB announcement matters because it ties a UAE digital bond to CMU, Euroclear, Clearstream, existing custodians, and ADX post-trade compatibility, making the case for institutional market plumbing rather than a standalone tokenization pilot.