Hong Kong SAR government: Will regularize the issuance of tokenized government bonds
According to online reports, the Hong Kong SAR government today released the "Hong Kong Digital Asset Development Policy Declaration 2.0". The Hong Kong SAR government stated in the declaration that the SAR government has issued tokenized green bonds twice (totaling approximately HK$6.8 billion) to proactively demonstrate the benefits of the tokenization plan. On this basis, the government will regularize the issuance of tokenized government bonds and explore different currency and maturity arrangements, as well as other innovative options. Through this move, the SAR government hopes to provide stable and high-quality digital bonds to the market, further expand accessibility and attract a wider investor base. In order to further leverage the advantages of tokenization, the Hong Kong Treasury Bureau and the HKMA will continue to communicate with industry experts to understand opinions on different aspects of the market, including on the inclusion of digital currencies to improve transaction efficiency, secondary market trading application scenarios, and further expansion of investors 'participation in the local bond market. The SAR government aims to set a global benchmark by taking the lead in issuing and regularizing tokenized bonds, enhance market confidence in the technology, and encourage adoption in the public and private sectors.
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